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Trading news
10 Jan 2020
IEA’s Birol: Oil demand growth to remain weak, keeping a check on prices
Further comments are crossing the wires from the International Energy Agency (IEA) Chief Fatih Birol, with the key quotes found below.
We are expecting a demand growth of slightly higher than 1 million barrels per day.
Growth could remain weak, compared with historical levels.
Non-OPEC production is very strong.
We still expect production coming from, not just United States, but also Norway, Canada, Guyana, among other countries.
We see prices remain at $65 a barrel.
- IEA’s Birol sees a well-supplied oil market in 2020
- Crude Oil Futures: rising odds for a deeper pullback