You should all watch this short (7 minutes) Bloomberg video. It supports my opinion (and now IEA's opinion) that the global oil markets are close to (if not already) in balance.
http://www.oilandgas360.com/bloomberg-i ... S_Campaign
Crude Oil Prices - August 13
Crude Oil Prices - August 13
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group