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Crude Glut Could Take Years to Disappear

stander
stander
in Oil, Gas and Energy News

Featured Replies

IEA, OPEC ARE CAUTIOUS ON HELP FOR PRODUCERS


The International Energy Agency, or IEA, projects that oil prices are unlikely to significantly rebound for at least a few years, Benoit Faucon, Summer Said and Bradley Olson report. “Supply and demand will gradually rebalance by 2017, with a corresponding recovery in oil prices,” an IEA report said.


Fatih Birol, IEA executive director, and Abdalla el-Badri, secretary-general of the Organization of the Petroleum Exporting Countries or OPEC, made clear at the annual IHS CERAWeek conference in Houston that no one is immediately coming to the rescue for struggling oil produc


http://www.oilandgaspeople.com/news/highlights/7456/crude-glut-could-take-years-to-disappear/


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