Drillinginfo: 3-Year Crude Oil Oversupply Finally Curbed, But A Lid on Price Remains

Introduces OptiFlo Gas aimed at capturing insights on the constantly changing gas market Austin, TX (October 17, 2018) –Drillinginfo, the leading energy SaaS and data analytics company, has released its latest FundamentalEdge series report, Some Inventory Required?, which draws from several key domestic and international events affecting the company’s current view of the oil, natural gas and NGL markets and where they are headed over the next five years. The report details impacts on crude oil price drivers, potential inventory growth, OPEC, Iranian sanctions, and the situation on the ground in Venezuela. “Since the US surpassed the 8.5 MMBbl/d of production mark in 2016, every additional barrel of crude oil produced in the US has made its way to the water to get exported. This trend will continue, and exports will have to grow together with the growth in domestic production. There will be a need for infrastructure to support the movement of these volumes to the water and further onwards to end markets around the globe,” said Sarp Ozkan, Director of Energy Analysis at Drillinginfo. Also highlighted in the report are findings derived from OptiFlo Gas, a new product developed by Drillinginfo that incorporates operations research technology to create… continue reading

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