Today's stunted oil prices could cause oil price shock in 2020

Thursday, May 25th 2017 - 19:07 UTC

Full article 2 comments

As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil's immediate future. As Saudi Arabia announces plans to slash production and move their economy away from oil dependency, many industry insiders are predicting that the now over-saturated market will reach an equilibrium with higher commodity prices by 2018 and U.S. shale production will continue to grow along with global demand. Read full article

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Marti Llazo
“As Saudi Arabia announces plans to slash production and move their economy away from oil dependency....”

This is the sort of oft-repeated but non-occurring event that reminds us of Argentina's bi-weekly government press report that it is going to buy new fighter aircraft and slash inflation to less than 4 percent annually.
May 25th, 2017 - 07:56 pm - Link - Report abuse 0
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Jo Bloggs
The good news is that the Falkland Islands will be delighted to help fill the supply gap in another few years.
May 27th, 2017 - 08:30 pm - Link - Report abuse 0
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