Oil Demand Is Cooling; Don’t Expect Prices To Follow


Oil Demand Is Cooling; Don’t Expect Prices To Follow

The world’s two big intergovernmental energy groups have updated their outlooks for the oil market to the end of next year – and they don’t make comfortable reading. High prices, trade wars and weakening currencies are taking their toll on demand growth.

That doesn’t necessarily mean that prices will fall. Concern that there isn’t enough spare production capacity should continue to support oil for a while yet. Read more

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