U.S. Energy Secretary sees oil supply, demand rebalancing in a year

02 May 2016, Kitakyushu, Japan — U.S. Energy Secretary Ernest Moniz said he expects global oil supply and demand to rebalance in about a year’s time. Benchmark crude oil prices, which hit almost 13-year lows earlier in 2016, surged nearly 20 percent in April on a softer dollar and lower U.S. production. However, market participants […] More »