Energy Prospectus

IEA Oil Market Report dated 5/12/2016: https://www.iea.org/oilmarketreport/omrpublic/

Demand increasing and supply falling = Global oil market should be balanced in Q3

Take a hard look at the chart when you click on the link above.

PER IEA:
Global demand increases approximately 300,000 BOPD from Q1 to Q2 and another 1,400,000 BOPD from Q2 to Q3. It is the 3rd quarter of this year when I expect us to see the largest decline in Non-OPEC production.

Read the Energy charts.

http://us10.campaign-archive2.com/?u=45 ... 150d54ef6a