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Subject
The outlook for oil in the third quarter.
Significance
The OPEC decision on June 5 was to maintain the official output ceiling at 30 million barrels per day (b/d). With non-OPEC production also growing, market over-supply will persist into the third quarter. Global demand is rising and supporting raised price levels, but not fast enough to outstrip expected supply growth.
Keywords:
International,
INT,
Russia,
Saudi Arabia,
United States,
PROSPECTS Q3 2015,
economy,
industry,
fiscal,
foreign investment,
gas,
oil
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2015
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