Oil rallied from its lowest close in almost two months, buoyed by bullishness in broader financial markets. Meanwhile the International Energy Agency trimmed its estimates for a global oil supply surplus this year and next for the first time in several months. This as demand strengthens and output growth slows. Sara Vakhshouri, President & Founder of SVB Energy International told Bloomberg’s Jennifer Zabasajja on Horizons Middle East and Africa, the IEA is now closing the gap with OPEC on its demand forecast. (Source: Bloomberg)
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Vakhshouri: IEA & OPEC Demand Forecast Gap Reduced
