Tuesday 22 December 2015

Morgan Stanley: Oil's Road Toward Rebalancing Could Take a Detour in 2016 - Bloomberg Business

Morgan Stanley: Oil's Road Toward Rebalancing Could Take a Detour in 2016 - Bloomberg Business:

"The year 2016 may prove a time in which the theoretical underpinnings of the old adage that "the best cure for low prices is low prices" is challenged, according to Morgan Stanley.
Amid firming demand and plateauing production from nations outside the Organization of Petroleum Exporting Countries, the oil market has made strides toward rebalancing in the second half of 2015 despite hitting fresh 11-year lows:"



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