Oversupply called into question

SENIOR analysts from Sprott Global and Tudor, Pickering, Holt & Co aren't buying the hype that the oil market is oversupplied, suggesting the oil price is contorted and that some of the International Energy Agency's own figures overstated reality.

22 December 2015
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Their analysis came last week as Moody's cut its 2016 oil price forecasts sharply amid a threat of a prolonged oversupply, as continued high levels of production have "significantly exceeded" growth

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