Reuters have a run down on a few gits and pieces on oil analysis
Citigroup senior energy analyst Eric Lee
- Cites accelerating world oil demand and reduced supply from the Organization of the Petroleum Exporting Countries (OPEC)
- Projects demand of 97.3 million barrels a day in 2017, a record high, up from 96 million in 2016, driven largely by emerging market countries such as China and India. Simultaneously, reduction in supply from OPEC of about 0.7 million barrels a day versus the 2016 average should drive the price up before the end of the fourth quarter
The Reuters piece is here, for much more
--
(ps. I'm doing a bit of a catch up on weekend news for the next few posts)
