A defining moment has arrived: why demand for OPEC oil will never be the same
Last month the Paris-based International Energy Agency too conceded that the US was the biggest producer of oil and natural gas liquids. In view of the growing US supplies, the OPEC too is cutting forecast of demand for its own oil by 300,000 barrels a day next year.
Create alert for WashingtonWashington,
Create alert for ParisParis,
Create alert for International Energy AgencyInternational Energy Agency,
Create alert for BloombergBloomberg,
Create alert for Bank of America Corp.Bank of America Corp.,
Create alert for Energy Intelligence GroupEnergy Intelligence Group,
Create alert for Yoshikazu KobayashiYoshikazu Kobayashi,
Create alert for Julian LeeJulian Lee,
Create alert for Francisco BlanchFrancisco Blanch,
Create alert for Institute of Energy EconomicsInstitute of Energy Economics,
Create alert for US Department of EnergyUS Department of Energy,
Create alert for Organization of Petroleum-Exporting CountriesOrganization of Petroleum-Exporting Countries
- Warmer winter, warmer state-society relationship? Jordanians brace themselves for 'substantially' lower fuel prices
- One's catastrophe, another's celebration: Middle East's oil importing states benefiting lower oil prices
- Reading the signs behind plummeting oil prices: Saudi-led price war or simple supply and demand?
- Wishful thinking: is Saudi Arabia slowly, but maturely, winning the global oil price war against the US?
- It came much, much sooner than expected: a new era of oil abundance might just be in the making