Lower world oil prices and modest demand growth through 2015 could threaten earnings for Canadian oil and gas companies, the Globe and Mail reports. “The International Energy Agency said in its September oil market report that economic weakness in Europe and China prompted it to temper its outlook for global oil demand,” Jones and Lewis write. “The price weakness is remarkable in that it comes in the midst of heightened tensions in hot spots such as Iraq, Libya, and Ukraine. It shows how fears of supply disruptions are having a shrinking influence on markets as production in countries outside OPEC, including Canada, surges and demand growth shrinks.”
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