‘The age of persistently weak oil prices is nearing its end, with demand booming and a supply squeeze in the offing’ Scotland’s oil on verge of price boom

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John Robertson
‘The age of persistently weak oil prices is nearing its end, with demand booming and a supply squeeze in the offing’ Scotland’s oil on verge of price boom

‘Those in the oil market fearing a flood of OPEC supply next year will probably be better off preparing for a shortage’ The headline quote and the one above, are from the analysts Trafigura and from Citigroup in a Bloomberg report today. Both are predicting shortages by 2019. We had earlier predictions of the same by the Aramco chief earlier in the year. With supply falling by as much as 9 million barrels a day and demand from India growing…

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John Robertson
‘The age of persistently weak oil prices is nearing its end, with demand booming and a supply squeeze in the offing’ Scotland’s oil on verge of price boom