ODDO : IEA report: supply is vulnerable, OPEC increases its production to the detriment of spare capacity
>Solid growth in demand in 2018-2019 but not risk-free - The IEA maintains unchanged its demand growth estimates for 2018 and 2019 at +1.4 Mb/d, a sustained pace. The Q1 growth rate was even higher at +2 Mb/d, the IEA expects a deceleration in Q2 and in Q3 then a rebound in Q4. For 2019, the agency forecasts a +1.2 Mb/d increase in demand in H1, accelerating to +1.6 Mb/d in H2. The IEA maintains its estimates based on very bright global economic prospects, assuming ...
Repsol is an oil and gas company. Co. is engaged in all the activities relating to the oil and gas industry, including exploration, development and production of crude oil and natural gas, transportation of oil products, liquefied petroleum gas (LPG) and natural gas, refining, the production of a wide range of oil products and the retailing of oil products, oil derivatives, petrochemicals, LPG and natural gas, as well as the generation, transportation, distribution and supply of electricity. Co. operates in more than 40 countries. Co.'s operations are divided into four segments: Upstream, Downstream, LNG and Gas Natural Fenosa.
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