The Balance Between Crude Oil Supply And Demand by Causeway Capital Management Executive Summary: The Current Supply/demand Imbalance From peak to trough, crude oil prices plunged about 60% in 2014 – and slid again recently, testing lows of earlier this year. Excess supply, combined with a market expectation for softening global demand, has weighed on oil prices. Unlike past behavior, the Organization of the Petroleum Exporting Countries (OPEC) has not cut production to support the market price. This appears to us as a rational strategy. The resulting lower crude oil prices should spur demand and constrain uneconomic supply. We currently…
The Balance Between Crude Oil Supply And Demand
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