Can Oil Continue To Rally? An Interview with IEA’s Neil Atkinson

Oil is at a crossroads: the market is balancing, but not quickly enough. Prices have rallied by more than 70 percent after plunging to their lowest levels in more than a decade earlier this year.

Oil traders are now gaining confidence but with oil trading at $45 per barrel, is the risk more to the upside or downside? Will the rally continue or will prices fall back again? And what about the long-term? Will today’s investment cuts lead to future shortages?

Neil Atkinson, Head of the Oil Markets Division at the International Energy Agency (IEA), addressed some of these questions and concerns in an interview with oilprice.com. Hear his views on OPEC, Iraq, oil and gas investments and the industry outlook here.

By : oilprice.com