OPEC, IEA Ball-Park Projections Mask Regional Disparities
OPEC and OECD energy watchdog the International Energy Agency (IEA) share many of the same assumptions on oil demand and supply trajectories this year. But convergence on global outlooks disguises some striking differences on views of the sources of demand and supply growth in the coming year, a close inspection of the latest editions of their respective monthly oil market reports reveals.