Take a look around the world at all of the different things going on...
There are some common threads and issues that I monitor as indicators...
If Algeria and many others based their Economies on Oil Prices what is driving demand down?
And is the glut in supply doing so?
I ask to learn not cadge, I love perspective and broad reach when researching, not first hint and go with it...
Thanks
Demand is not down. Global oil demand continues to rise.
And is the glut in supply doing so?
The growth rate in supply has slowed for a while, and now are seeing reductions in supply in some, but not all areas. Saudi and Iraq are producing more. It is anticipated to fall more in the near future.
SHORT-TERM ENERGY AND WINTER FUELS OUTLOOK
http://www.eia.gov/forecasts/steo/report/global_oil.cfm