This report summarizes the medium-term outlook for the oil market. It forecasts slower demand growth than previously expected due to a weaker global economy. North American tight oil production is expected to grow strongly, aided by new technologies. Overall, supply is projected to keep pace with demand, reducing reliance on OPEC and building spare production capacity. However, regional shifts are transforming the oil trade and downstream sectors. Geopolitical risks also remain high in key oil-producing regions.
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Oil market 2012
1. OIL
2012Medium-Term
Market Report
Market Trends and Projections to 2017
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