Friday 25 January 2019

Westwood Global Energy Group reported that the oil price recovery that began in early 2016 and which gathered momentum in the second and third quarters in 2018 faltered in the fourth quarter regressed back towards the long-term average of $56/bbl. Oil and gas demand has never been higher with the IEA reporting demand growing 1.3 million barrels a day to over 100 million barrels a day for the first time in 2018.

Full Westwood Global Energy Group article can be found here.