Description

This year oil prices have been on a roller coaster ride. The reasons for this are varied including volatile financial markets, increased bad weather events, and supply reduction, coupled with increased demand. Economic growth around the globe in developed and developing economies alike has kept the world needing more energy. However, to meet this, supply of oil has just barely managed to keep up. And oil prices seem set to rise further.

Looking forward and trying to understand what the global energy markets are going to look like during the year, here’s what this short future outlook on global energy market in 2008 contains.