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THE International Energy Agency would "substantially" downgrade its long-term oil demand forecast in its annual energy outlook next week, the second cut in a row, The Wall Street Journal reported yesterday. Full Article at Shanghai Daily
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Prices moved steadily higher this week, opening on Monday at $77 a barrel and closing Wednesday at $80.40. Full Article at Energy Bulletin
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Oil rose above $80 a barrel on Wednesday, extending the previous session's near 2 percent gain, following a U.S. industry report showing an unexpected fall in crude stocks and supported by a weaker dollar. Full Article at International Business Times
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SINGAPORE (Reuters) - The International Energy Agency will "substantially" downgrade its long-term oil demand forecast in its annual energy outlook next week, the second cut in a row, the Wall Street Journal reported on Wednesday. Full Article at Reuters
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By Spencer Swartz The International Energy Agency next week will make a "substantial" downward revision to its long-term forecast for global oil demand, a person familiar with the matter said, marking the second year running the group has slashed its... Full Article at Wall Street Journal
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The near-term outlook is good, but it’s over the long term that these projects are really going to prove their worth
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