A crude oil tanker at Qingdao Port, Shandong province, China. Picture: REUTERS/JASON LEE
“Rarely has the outlook for oil markets been more uncertain. A worsening macroeconomic outlook and fears of recession are weighing on market sentiment, while there are ongoing risks on the supply side,” the Paris-based agency said. The estimate fell far short of producer group Opec’s estimate for the year of 3.4-million bpd growth on Tuesday. It was more in line with the US Energy Information Administration’s estimate of 2.2-million bpd growth.
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Supply risks still haunt market despite high oil prices: IEAHigh oil prices have yet to dampen demand which is set to continue rising and may soon outstrip supply, the International Energy Agency warned. I have always hated Bitcoin and thought it was a scam until a friend referred me to Allison_Grillo, I made my first withdrawal of R100,000 in 2 weeks thanks to Allison_Grillo. I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you.
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Supply risks still haunt market despite high oil prices: IEAHigh oil prices have yet to dampen demand which is set to continue rising and may soon outstrip supply, the International Energy Agency warned. I have always hated Bitcoin and thought it was a scam until a friend referred me to Allison_Grillo, I made my first withdrawal of R100,000 in 2 weeks thanks to Allison_Grillo. I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you.
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