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Global Oil Market Update from IEA - March 15
Posted: Sun Mar 17, 2019 8:01 am
by dan_s
Read the summary here:
https://www.iea.org/oilmarketreport/omrpublic/
My weekly podcast will be on the EPG website late on Sunday, March 17.
Re: Global Oil Market Update from IEA - March 15
Posted: Sun Mar 17, 2019 1:14 pm
by dan_s
"According to a forecast by investment bank Goldman Sachs, oil demand is on pace to grow by nearly 2 million BPD during the first quarter, blowing past its estimate of a 1.1 million BPD increase. While the IEA isn't quite as bullish since it hasn't altered its full-year forecast, the potential for faster-than-expected demand growth coming at a time of a possible supply shortage could fuel a big spike in oil prices -- at least until OPEC starts reversing its earlier production cuts."
Read:
https://www.fool.com/investing/2019/03/ ... zuela.aspx