QNB revises up oil expectations
(MENAFN) QNB reported that Oil market's forecast is stabled at USD 44.7bn in 2016, comparing with the last forecast which hit USD 40.8bn.
Oil prices have begun the year decreasing to get USD 28 in January, and then prices rose by USD 50 during the middle of the year.
The rebalancing in the oil markets has been more than normal. The International Energy Agency (IEA) thinks that the request on oil will grew to hit USD 1.4mn barrels per day during 2016.
Oil prices have begun the year decreasing to get USD 28 in January, and then prices rose by USD 50 during the middle of the year.
The rebalancing in the oil markets has been more than normal. The International Energy Agency (IEA) thinks that the request on oil will grew to hit USD 1.4mn barrels per day during 2016.
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