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Commodities Briefing - Categorized | Oil, Price Watch more

Global conflicts is preventing oil price job

Posted on 22 October 2013

The International Energy Agency (IAE) has announced that it is the continuing conflict in the Middle East and in the Northern parts of Africa that are preventing oil prices from dropping in their latest analysis of the current market.
On a more positive note the company identified that global oil demand was increasing again as certain countries are beginning to experience economic recovery. This has been matched by an increase in oil production, which paints a promising picture for the current workings of the oil business………………………………………..Full Article: Source


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VRS - who has written 39021 posts on Opalesque Commodities Briefing.


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