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FINANCIAL NEWS
Qatar Oil supply to recover in 2016
14 Dec 2015
(MENAFN) The global amount of oil expected to surpass supply as early as April 2016, reaching to a recovery in oil prices, which have been falling at 60 percent over the past several months.
According to experts, oil supply continued to decrease as less economically possible projects are delayed and cancelled.
Moreover, international investments in exploration and production fell from USD 700bn last year to USD 550bn this current year.
However, gas market is predicted to recover in 2016, as countries around the world look to cut emissions and present cleaner energy sources.
More News
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