14.11.2012 - IEA’s bearish figures paint sharper over-supply picture
For those still puzzled over stubbornly supra-$100/barrel oil prices, the International Energy Agency’s latest monthly report Tuesday provided a wealth of fresh bearish data set to further baffle oil market watchers. The report, which came a day after the IEA’s headline-grabbing annual World Energy Outlook, supports a gloomy outlook for global oil markets with further cuts to its headline demand forecasts due to concern over the health of the global economy...............................................Full Article: Source
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