Oil Agreements Seen Adding Only Modest Near-Term Supply
Sources expect recent agreements to add roughly 300,000 barrels per day over the next year, with larger gains conditional on investment, power infrastructure and political stability.
Recent agreements are projected to deliver only a modest near-term supply increase, according to sources.
The potential boost is around 300,000 barrels per day over the next year. Larger additions would depend on better investment conditions, restored electricity infrastructure and greater political stability.
No larger production acceleration is expected until those conditions improve.
Source: First Squawk