When will oil recover?

Thursday, 14 July 2016

The world oil market is at a turning point with the prospect of demand exceeding supply in the September quarter.

This is a significant development in a market which has experienced an oversupply of oil for almost three years. This inflection point is a positive sign that despite the political turmoil in Europe, the world economy is chugging along quite nicely.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.