Wood Mackenzie sees a ‘loosening’ of the oil market towards the end of the year, Sushant Gupta, a director at the research and consultancy business, reveals in an interview with CNBC on Tuesday. Wood Mackenzie sees a “loosening” of the oil market towards the end of the year, Sushant Gupta, a director at the research and consultancy business, revealed in an interview with CNBC on Tuesday. “If you look at … Q4 and towards 2019 what we see is a … loosening of the oils market,” Gupta said in the televised interview. “Mainly because if you look at the one million barrels per day of production increase coming in from Saudi Arabia, Kuwait, UAE and Russia; the US tight oil production growth we see another million barrels per day of growth coming in 2019; and at the same time the global oil demand growth is expected to see a […]