Exploding supply growth and falling demand growth is a full circle to lower prices.
OPEC’s fear that another surge of shale oil could neutralize its production cuts might be coming true.
U.S. oil output is set for “explosive” growth this year as prices rally, the International Energy Agency said on Friday. That was just one of a chorus of voices from Goldman Sachs group Inc. to OPEC itself warning of a looming output surge reminiscent of the “heady days” of the first shale boom. Here is a direct video link.
;
