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  • First Titan Energy Corp. (FTTN) Leveraging Benefits Of Increased Demand Driven By Oil Futures Forecast 0 comments
    Jan 23, 2014 11:47 AM | about stocks: FTTN

    A report issued on Tuesday by the International Energy Agency showed that global oil demand will grow by 1.3 million barrels a day in 2014, jumping up to 92.5 million barrels daily. As a Citi Futures analyst noted, the projected increase is demand is slated to dramatically impact oil's value as crude oil inventories decreased by 41.2 million barrels over the last 7 weeks.

    In lieu of this development, First Titan notes that it is continuing to search for new resource property development opportunities and to develop its portfolio of lucrative, current asset holdings in Alabama, Louisiana, Oklahoma, and Texas. With oil holdings in these four states, the company is positioned to benefit from this strong surge in demand, as well as future demand.

    First Titan has acquired multiple working interests with established oil exploration companies to deliver new oil and gas resources to the markets. It is targeting new, promising projects to add to its oil and gas portfolio, for further build-up of its portfolio's diversity and profitability.

    For more information, visit firsttitanenergy.com

    Stocks: FTTN
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