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With oil prices down 50% from last June and holding steady consumers are looking forward to cheaper gasoline and lower heating bills and investors are rethinking where to put their money; it is a good time to take stock of what might happen next. As discussed on this blog in late November, both lower demand…
Now that brent broke the $80 mark, many are questioning whether a bottom has been reached. The combination of slowing Chinese demand growth and Saudi’s will to maintain market share make this an unlikely bottom, but it depends more on the supply growth than the slowing demand growth from China. Kuwait and Saudi Arabia have…
