Vive La Difference! IEA, OPEC Split On Supply, Price Views
Some convergence on projected medium-term supply-demand balances between OPEC and OECD energy watchdog, the IEA, masks serious differences on views over future North American supply, Chinese demand and oil price assumptions, as a recent study comparing their respective scenarios reveals. Differences become more acute through to 2035.
Medium-term, 2011-16, the IEA sees oil demand growth as...