Long-term forecasts for the price of oil remain positive despite fears of a global economic recession and a steep fall in demand. Analysts expect rising oil consumption in China, India and other emerging markets to continue tightening the supply-demand balance. In the natural gas markets, the current supply overhang is expected to hold back prices in the near term; however, by 2030 analysts expect natural gas demand to increase by 60 percent to become the second most dominant source of energy globally.
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