13.05.2016 - Oil is not out of the woods yet: BNP Paribas commodities chief
Recent downgrades to global economic growth forecasts suggest the crude market is not out of the danger zone, Harry Tchilinguirian, global head of commodity markets strategy BNP Paribas, said Thursday. In its latest oil market report released Thursday, the International Energy Agency said a rebalancing of supply and demand is becoming evident. However, crude stockpiles remain "enormous" and would need time to fall, Neil Atkinson, head of oil industry and markets at the IEA, told CNBC Europe...............................................Full Article: Source
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