Arlington, Virginia – June 29, 2016 – EVA has released its monthly forecast of crude oil and petroleum products price forecast. There are indications that excess crude oil supply will persist for the next few years, which limits the likelihood of significant upward movements in crude oil prices. Against a backdrop of less global liquid fuel demand growth, non-OPEC production remains resilient while OPEC production continues to increase. The report summarizes how these trends are occurring at a more detailed level, and what the effects will be on petroleum product prices.

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