Oil rigs and platforms are seen at Maracaibo’s lake near the western city of Maracaibo January 2, 2008. Brent oil prices made gains on Tuesday, albeit at a more modest pace than the previous day, as the risk premium stemming from the Paris attacks faded, and the focus returned to the global oversupply in crude and petroleum products. Analysts said that despite the Paris attacks and French retaliation against Islamic State (IS) in Syria, prices would remain low for the rest of the year and into 2016 as oil markets stay oversupplied. Production in 2015 will outpace demand by 700,000 to 2.5 million barrels per day, according to estimates. “Today, it’s back to the drawing board. The market is still oversupplied and yesterday was an adjusting of positions after these dreadful events,” PVM Oil Associates analyst Tamas Varga said. “Unless the geopolitical tensions, which have obviously risen since Friday, […]