The world’s oil market should eventually see a glut of crude oil and a fall in prices given...

|By:, SA News Editor

The world’s oil market should eventually see a glut of crude oil and a fall in prices given non-OPEC growth in production, especially from unconventional and deepwater North American sources, and steady demand growth, Global Hunter says. As for natural gas, the overabundance in supplies has led to a "severe cratering of prices on the one hand, but has set in motion a variety of longer-term demand drivers on the other."