Denis Borisov , director at EY 's oil and gas center in Moscow , said he expected an surgeMovement.up.gainin Russian oil deliveries by 2013 , with diesel supplies surgingMovement.up.gainby 17 million tonnes per year , and gasoline deliveries seen soaringMovement.up.gainby around 8 million tonnes .
Transneft hopes to surgeMovement.up.gainannual diesel deliveries from the port to 18 million tonnes by coming months from an expected 11 million tonnes in 2014 .
The IEA noted that factors that have seen global oil demand growth surgeMovement.up.gainin 2015 are `` likely to give way '' in 2016 , indicating that bulging stock levelsOversupplywill add further pressure to crude oil prices .
MOSCOW/LONDON -LRB- Reuters -RRB- - Russian fuel exports to Europe could surgeMovement.up.gainnext year due to tax changes and a slumpMovement.down.lossin domestic demand , stemming from a recession brought on in part by Western sanctionsEmbargo, analysts say .
Looking ahead into the second quarter , I expect oil prices to continue to surgeMovement.up.gainwhile being kept in check by plentifulGrow.strongUS shale output levels and caution over the prospect of a weakningSlow.weakin domestic demand .
The surgeMovement.up.gainin rigs suggest that U.S. oil drillers were getting comfortable with crude prices at around $ 40 per barrel .
What is happening in oil markets `` finally represent the rebalancing and the impact of this tremendous surgeMovement.up.gainin U.S. oil production , '' says Daniel Yergin , Vice Chairman of IHS and one of the world 's foremost oil historians .