Top executives from supermajors, the U.S. shale patch, and national oil companies remain bullish about the oil market in the medium and long term, expecting growing demand and the downturn in oil prices to eventually rebalance supply and demand from the looming glut. At the Energy Intelligence Forum in London this week, the oil bosses acknowledged the bearish short-term fundamentals as supply growth outpaces the increase in demand. But they also see the market rebalancing in the medium term and supply struggling to catch up with demand in the long…
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