Global energy markets are reaching a new equilibrium,
according to Wood Mackenzie analysts. As demand shifts to the
East, it will expand to extraordinary proportions.
However, the world also finds itself in an era of robust
energy supplies. A shift from volume to value is rebalancing
the energy market to a supply-push condition as
New non-OPEC supplies are contributing to the situation.
After the mid-June 2014 meeting, OPEC countries announced that
the nations will keep the target production at 30 million bpd
for another six months. HP