Looming Demand Weakness Keeps Oil Prices Under Pressure

Oil markets are once again focused on looming demand weakness, capping oil prices despite rising tensions in the Middle East.Chart of the Week- As India holds its second-ever India Energy Week in Goa, the world’s leading oil exporters have flocked to discuss new fields with a country that is poised to overcome China next year as the world’s fastest-growing source of oil demand.- Prime Minister Narendra Modi pledged that India would see an investment of $67 billion in its energy sector over the next 5 years, seeking to almost double…