The second and third quarter of 2013 a number of issues have dominated oil markets. During this period, we have seen tension build up in the Middle East and North Africa and oil prices rise accordingly from $100/bbl to $117/bbl. As a number of major oil producers managed to recover oil production, supply outlook brightened and oil prices fall back to around $105/bbl.
In this eBook we will look at these changing supply and demand fundamentals in further detail. Furthermore, we will analyze three scenarios that are (more or less) likely to occur and have an impact on oil markets.