Oil supplies are rising, but markets remain tight and prices have returned to the levels they occupied before OPEC and the IEA successively stunned markets in June. Although the macroeconomic outlook for the developed economies of the OECD remains far from rosy, the developing Asian and Middle Eastern economies are continuing to grow strongly and a combination of regulated end‐user prices and both government and commercial stock‐building are helping to maintain their thirst for crude oil.
展开▼
