The oil market is providing little cheer for the bulls these days. Libyan and Nigerian production remains challenging while Venezuela's production slump is getting worse by the month. Yet, the oil market is still expected to be in surplus. In a best case scenario, the International Energy Agency (IEA) says global oil demand growth will accelerate to 1.4 million bpd in 2020. However, all the variables are lining up for an even uglier oil market mauling by the bears in 2020.

Source: Forbes July 05, 2019 18:45 UTC