The Worldwide Oil Picture

Nouriel Roubini’s RGE Monitor Newsletter explains the outlook for oil prices. While it looks like rising prices may be beginning to affect demand in developed economies, that demand slowdown may take a long time, and emerging-market demand may offset it: There may be signs that high oil and product prices are having an effect though, at least in industrialized countries, which still account for the bulk of demand. U.S. imports of crude oil have been falling for several weeks and gasoline purchases are being watched closely for any decreases. Yet the recent output increase from Saudi Arabia is all bound […]

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