By Narinder Nanu, AFP
A global oil glut that has sent prices tumbling is set to "shrink dramatically" later this year, as wildfires have disrupted Canada's output and demand in India soars, the International Energy Agency (IEA) said Thursday.
Demand for oil worldwide is set to grow at a "solid" rate in 2016, with India the "star performer" after making up nearly 30 percent of the global increase in demand in the first quarter of the year, the IEA said.
"This provides further support for the argument that India is taking over from China as the main growth market for oil," the 29-nation IEA said in its monthly report.
Commentary by: Lynn Cheramie, Founder, Freedom Fighters of America
How convenient. Does anyone else think the fire was intentionally set? Yes, we do to!
FREEDOM FIGHTERS OF AMERICA
FRESH AND TRUE NEWS 24/7 WITH NO HYPE!
A global oil glut that has sent prices tumbling is set to "shrink dramatically" later this year, as wildfires have disrupted Canada's output and demand in India soars, the International Energy Agency (IEA) said Thursday.
Demand for oil worldwide is set to grow at a "solid" rate in 2016, with India the "star performer" after making up nearly 30 percent of the global increase in demand in the first quarter of the year, the IEA said.
"This provides further support for the argument that India is taking over from China as the main growth market for oil," the 29-nation IEA said in its monthly report.
Commentary by: Lynn Cheramie, Founder, Freedom Fighters of America
How convenient. Does anyone else think the fire was intentionally set? Yes, we do to!
No comments:
Post a Comment