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Surprising as the price collapse that has shaken the oil market since June 2014 might seem, this was foreshadowed in earlier editions of this report which pointed at a looming surge in implied OPEC spare capacity.
The more pressing issue is how market rebalancing, and the price recovery that will accompany it, might depart from those that followed similar price drops in the past, and where they will leave the market after they run their course.
Please read on to find out more highlights from IEA’s 2015 Medium Term Oil Market Report.
Click here to download the article.
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