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Commodities Briefing - Categorized | Market Moves, Oil more

Oil Nationalism Seen Reversing by IEA Amid Shale Boom

Posted on 15 August 2014

The wave of resource nationalism among oil-producing nations that helped propel prices to a record in 2008 is dissipating as competition from U.S. shale stirs governments to offer better terms, the IEA said.
Sliding crude prices in the face of supply threats in Iraq and Libya reflect that industry concerns of scarcity have been replaced with a perception of sufficiency, said Antoine Halff, head of the Paris-based International Energy Agency’s industry and markets division………………………………………..Full Article: Source


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