Global outlook uncertain for oil, worse for LNG, analyst says

A balanced global crude oil market likely will remain elusive into 2018 because so many underlying dynamics have changed in the last 10 years, a leading analyst said. The outlook is worse for LNG because markets are saturated, prices are depressed, and economics are unfavorable, Fereidun Fesharaki, founder and chairman of FGE Consulting Group, observed on May 23.

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