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Next, a look at the Global Energy outlook with fatih birol. He testified before the Senate Energy and Natural Resources committee about issues including u. S. Oil and Gas Production. This runs an hour and 45 minutes. Good morning, efveryone. The committee will come to order. Id like to provide specific welcome this morning to our new member, senator smith. It is good to have you as part of the committee. I think you will find that this is a committee that does good work. We like to focus on policy and we like to do things in a bipartisan way every now and again. Looking forward to starting the new year off with that good foot. We dont have senator capito with us this morning but she is also returning to our committee and i look forward to welcoming her in her ongoi ....
Into the weekend. This as president xi brings president obama in order to try to get they gaucnegotiations ba track again. And fosun chairman goes missing. Welcome to the show. We have got the Ieas World Energy outlook breaking and hitting the wires at the moment. As we said on the supply front they said the evidence that the saudiled strategy is starting to work. Theyre taking a toll on nonopec supply with annual growth shrinking in november however they do say that they see iranian oils ramping up and that is the big unknown for next year. On the demand side, theyre saying that Lower Oil Prices have driven demand growth to a five year high as motorists fill up their tanks. However that is likely to have peaked in the Third Quarter saying consumption is now going to be on the wane and in 2016 we might see demand sta ....