Otmane El Rhazi from Today in Energy.
Amid high uncertainty in the global oil market, EIA has lowered crude oil price forecasts, expecting West Texas Intermediate crude oil prices to average $49 per barrel (b) in 2015 and $54/b in 2016, $6/b and $8/b lower than forecast in last month's STEO, respectively. Concerns over the pace of economic growth in emerging markets, continuing (albeit slowing) supply growth, increases in global liquids inventories, and the possibility of increasing volumes of Iranian crude oil on the market contributed to the changed forecast.
I just sent this post to a bunch of my friends as I agree with most of what you’re saying here and the way you’ve presented it is awesome. For more information about wreckers North Brisbane visit website.
ReplyDelete