Wednesday, September 14, 2016

World Oil Supply-Demand Balance in 2017 Depends on Limited OPEC Production Increase


INO.com Traders Blog http://ift.tt/2cx62WK The Energy Information Administration (EIA) recently released its September Short-Term Energy Outlook (STEO) and its projects that world supply and demand will finally balance by late 2017. However, that depends on OPEC production rising a very small amount. Base Case Scenario Specifically, the EIA reported that OPEC crude production averaged 32.7 million barrels per day […]

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