"Overall, we will continue to see a well supplied market in 2020," said Keisuke Sadamori at the Singapore International Energy Week.
"Unless other things change, we will see a surplus probably, unless there is very strong demand growth recovery," Sadamori told CNBC.the Paris-based agency cut its oil demand growth figure by 100,000 barrels a day for 2019 and 2020. Oil demand is expected grow at a "still solid" 1.2 million barrels a day in 2020, IEA said in the report.
No one can forecast oil price right when in the last 20 years , it is just pure speculation .
Unfortunately, the time is very near that our vehicles are going to be stopped because of the scarcity of petroleum products. Since these stuffs are non-renewable, we are going to face a difficult situation in near future if we completely rely upon such resources.
Same bullshit since 2016. Oil still hovering around 55-60 USD a barrell