Energy Experts Predict More Demand Growth

February 2018, Vol. 245, No. 2

By Irina Slav, Consultant, Divergente LLC

If anyone thought the latest oil market outlooks of the EIA and the IEA are upbeat, here’s an even more upbeat one from Energy Aspects: The consultancy expects crude demand this year to grow by 1.7 MMbpd, and says Brent could touch above $100 a barrel in 2019. According to Energy Aspects, the reason for the further jump in prices will be a drop in new production outside the U.S. shale patch. It’s a little hard to buy that, however, if one remembers that there is 1.8 MMbpd in production capacity ready to be tapped…

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