The Energy Report: Oil prices have been bouncing around quite a bit. Where do you see them headed over the next year?
Ray Kwan: As a firm, we’re actually pretty constructive on the oil complex. There are three main reasons behind that. First, global refineries are exiting a large maintenance season. Second, we believe that there’s going to be a slow but steady transport demand recovery in Asia as well as in the U.S. Finally, we’re going to see stronger demand for power generation in emerging economies and throughout Asia. We expect the Organization of the Petroleum Exporting … [visit site to read more]
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