IEA: Crude supply, demand gap widening in 2016 SNIPPET:
The International Energy Agency said Tuesday that it expects the gap between global crude supply and demand to widen further this year as OPEC continues to ramp up production.
The IEA said in its February Oil Market Report that it expects global oil demand growth to “ease back considerably” this year to 1.2 million barrels per day, down from a five-year high of 1.6 million bpd in 2015.
The decline is primarily driven by slowing demand in Europe, China and the United States.
http://petroglobalnews.com/2016/02/iea-raises-crude-supply-glut-forecast/Agelbert Note: Yes Virginia there is a MAD SCAMBLE
going on among oil pigs
to contract floating storage, no matter what you may have heard to the contrary.