Bogota Free Planet Comments
The Oil War Is Only Just Getting Started
Posted by BFP Staff on Feb 2, 2017 at 09:52 AM
Oil demand growth is expected to slow down in the years to come.
By Tsvetana Paraskova for Oilprice.com
It’s been a month now that investors and analysts have been closely watching two main drivers for oil prices: how OPEC is doing with the supply-cut deal, and how U.S. shale is responding to fifty-plus-dollar oil with rebounding drilling activity. Those two main factors are largely neutralizing each other, and are putting a floor and a cap to a price range of between $50 and $60.
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