You are here

OIL SUPPLY & DEMAND

IEA: Current oil glut temporary; future demand will soar

32947412122222.jpg
Despite what appears to be a saturated oil market in 2014, oil producers around the world will struggle to meet rising demand over the next few decades.

DESPITE what appears to be a saturated oil market in 2014, oil producers around the world will struggle to meet rising demand over the next few decades.

In its latest annual World Energy Outlook (WEO), the International Energy Agency (IEA) warned that the current period of oil abundance