| Asia’s oil and gas consumers are set to benefit from weaker prices for an extended period, while the region’s producers struggle to adjust. However, for the energy-hungry region, the latest forecasts make happy reading overall with expectations of a quick rebound in prices rapidly fading.
On Tuesday, U.S. crude’s benchmark West Texas Intermediate (WTI) futures closed at $40.67 a barrel on reports of stronger U.S. inventories. U.S. crude hit a six-year low of $37.75 a barrel in August, with WTI futures now exceeding the global financial crisis of 2008-09 for their longest period under $50...............................................Full Article: Source
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