Investec managers predict ongoing oil supply issues

As crude oil recently peaked at $135 a barrel, supply of the commodity remains below expectations, ac...

As crude oil recently peaked at $135 a barrel, supply of the commodity remains below expectations, according to Investec managers Jonathan Waghorn and Mark Lacey. "Just like the last seven years, non-OPEC supply continues to be well below expectations. Recent data suggests that Russian oil production is at its lowest in 18 months. "There are two major projects starting up over the next 18 months, but even taking this into account, Russian production has downside risk over the next few years unless we see a significant increase in the pace of capital spending," they said. Mexico’s produ...