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Crude prices: It is "certainty" in the short term but uncertainty in the long run
Dec 18:
The uncertainty in the global is such that by 2022, the upside estimate of crude oil price is $123/bbl while the floor estimate is an incredible $30.8
8In the next couple of years however, abundant shale oil supply will ensure that while prices may spurt in the short term, they will settle down below the $60 band
8This is account of a lot of fresh supply coming in at breakevens below $60/bbl
8The biggest uncertainty in the future oil pricing matrix is the eventual impact on supply of under investment in conventional onshore and offshore fields
Click on Reports for more
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8In the next couple of years however, abundant shale oil supply will ensure that while prices may spurt in the short term, they will settle down below the $60 band
8This is account of a lot of fresh supply coming in at breakevens below $60/bbl
8The biggest uncertainty in the future oil pricing matrix is the eventual impact on supply of under investment in conventional onshore and offshore fields
Click on Reports for more
