16 August 2019
Oil: global supply and demand balances. Interview with Paul Hickin, Associate Director at Platts
In an exclusive interview with S&P Global Platts earlier this year, the International Energy Agency’s (IEA) Executive Director, Dr Fatih Birol, highlighted how geopolitical tensions in the Strait of Hormuz, Libya and Venezuela, for instance, plus the trade tensions between China, the US and other countries, have created new levels of uncertainty. “Geopolitics has become a key factor for oil markets and will be one for years to come. I would like to see oil markets determined by market forces rather than such developments”, he added.
Source: Hydrocarbon Engineering