I think the FT is just cut and pasting headlines now. Surely we've seen that one before?
I don't know, for about the past 15 months or so, right?
The International Energy Agency (IEA) ... said the global oil surplus was bigger than previously estimated ... recent rebound in prices was probably "a false dawn"
Vitol, the world's largest independent oil trader, said the demand "bump" from cheaper petrol prices would fade ... predicted crude oil stocks would pile up as consumption in China and commodity dependent economies slowed
And, on the other hand:
some of the world's largest oil producers, including BP and Royal Dutch Shell, which have told shareholders they expect prices will recover this year as supply and demand converge
