SUPPLY DEMAND

 

BP Sees OPEC Oil Smoothing Market In ‘Year Of Disruptions’

BP’s Statistical Review Of World Energy 2012 describes 2011 as “a year of disruptions,” in which political upheaval and natural disasters translated into huge and unpredictable disruptions in the global energy system. Yet because of a massive increase in OPEC oil production, aggregate data for the year indicates that energy fundamentals continued on trend,...