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Deshpande says with an Opec cut, he expects market to be balanced as early as the end of the first quarter of 2017
This rally, if sustained, will push back any permanent structural change in the oil markets
Geopolitical risks will continue to play an important role in determining global oil prices
However, overall demand growth in the second quarter might be dampened by the Cyprus crisis and the indications that Asian economies are not growing that fast