Macquarie: Oil Price Of $45 For 2020
The oil market could be a swamp that turns into a lake with a flood of supply dominating the delicate market picture until 2020. A July 2017 report from Macquarie’s Houston-based energy analyst Vikas Dwivedi looks at OPEC but more specifically those rebels in NOPEC – essentially North American producers who fall under the No Oil Producing and Exporting Cartels Act – who could keep the supply end of the delicate pricing formula weighted down for . . .
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