Oil Producers Will All Burn Cash At $60 WTI: Oppenheimer – ValueWalk Premium
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Oil Producers Will All Burn Cash At $60 WTI: Oppenheimer

Every major oil producer will be cash flow negative next year if oil prices stay where they are today ($55 WTI; $60 Brent), according to research from Oppenheimer analysts Fadel Gheit and Luis Amadeo, which seems like a pretty good reason to expect prices to come up. But even at $80 WTI, nearly everyone in the industry will be burning cash while fighting for market share.

“We expect oil prices to remain volatile and unpredictable driven by speculation and competition for

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