No room for complacency in energy markets

No room for complacency in energy markets. With supply and demand outlooks finely balanced in oil markets disruptive geopolitical events threaten to push prices higher. A report by the International Energy Agency said that increases in global demand were likely to be offset by new production coming out of Canada and the US. However, this balance could easily be disrupted with supply coming offline from the Middle East and Nth Africa as a result of political unrest. Supply risks in the Middle East and North Africa, not least in Iraq and Libya, remain extraordinarily high, the IEA's report says. Whether in crude or product markets, there is little room for complacency. A research note from Barclays says: Oil markets are finely balanced and the risk of a price spike is greater than at any point since the start of the financial crisis. Read the full article: (VIEW LINK)


MORE ON



2 topics

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.