(...) Earlier this week, the IEA called any respite for crude prices "a false dawn." Here's why (via The Guardian):
- a deal between Opec and other oil producing countries to cut production is unlikely
- with Iran increasing production in preparation for the lifting of sanctions, Opec’s production could rise as strongly this year as in 2015
- there is little prospect falling prices encouraging a pick-up in the rate of demand for oil
- the US dollar is likely to remain strong, limiting the scope for falls in the cost of imported oil
- the predicted large fall in US shale production is taking a long time to materialise
Fonte: site ZeroHedge
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