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An Oil & Gas Journal analysis says the OPEC and non-OPEC cuts of 1.2 million b/d for six months from January 1 may restore some balance in 2019. It notes US shale growth continues, constrained by infrastructure until late 2019.
Trade tensions, interest rate normalization, slowing global growth and expiring Iranian waivers add uncertainty.
The outlook points to a relatively balanced but volatile crude market, with shale growth capping upside. Price uncertainty affects energy costs for feed producers and logistics.
ogj.comConglin Xu, Laura Bell-HammerJan 8, 2019Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
