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  • Oil price outlook still uncertain amid surge in global demand and supplies – IEA
 

Oil price outlook still uncertain amid surge in global demand and supplies – IEA

Oil price outlook still uncertain amid surge in global demand and supplies – IEA

by magna / Sunday, 19 April 2015 / Published in Capital Market News

Global oil demand is expected to surge this year as the global economy improves steadily. But whether the global crude demand will be enough to prop up sluggish oil prices remains unclear, the International Energy Agency said Wednesday. Global oil demand is rising faster than projected, but so is supply, and the IEA, which advises…

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Source : BusinessDay

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