In Memory of Bondlady

WELCOME TO BONDLADYS CORNER...WE CARRY ON HER CUSTOM OF MAKING THIS SITE YOUR 24 HOUR A DAY IRAQ NEWS ARTICLE SOURCE


You are not connected. Please login or register

Kuwait Petroleum expects the recovery of oil demand in the coming years

View previous topic View next topic Go down  Message [Page 1 of 1]

Rocky


MEMBER
MEMBER

Kuwait Petroleum expects the recovery of oil demand in the coming years




November 19, 2015 0


Chief Executive Officer of Kuwait Petroleum Corporation Nizar Al-Adsani government said on Thursday that crude oil demand will improve in the end he said, adding that he expects China's growth recovery in the next few years.

Adsani said during a petrochemical conference in Dubai, "demand will rebound and will stabilize the supply in the light of the lack of investment and then you'll find support prices."

He added that he expects continued price volatility in the coming years, but the important thing is how quickly the US shale oil production in response to higher prices.

"The important question is how it will be affected by shale production."

Adsani also said he expects continued competition between the producers of the Organization of Petroleum Exporting Countries (OPEC) and independent producers.

[You must be registered and logged in to see this link.]

View previous topic View next topic Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum