Austin, TX (July 23, 2019) – Drillinginfo, the leading energy SaaS and data analytics company, has released Pricing in Politics, the 3Q2019 installment of its FundamentalEdge series. This market outlook service presents the company’s current view of the oil, natural gas, and NGL markets, and where they are headed over the next five years. Pricing in Politics explores energy trends and pricing in a market highly affected by geopolitics and the continued impacts of sanctions and tariffs. “The story for 2019,” the report reads, “has been one of dashed hopes for those bullish market participants that believed a redoubling of efforts by OPEC+ would solve the oversupply conditions.” “The trade tensions between the U.S. and China are creating a global economic activity slowdown and we’re continuing to see the effects politics has in crude oil pricing,” said Bernadette Johnson, Vice President of Strategic Analytics at Drillinginfo. “Even if OPEC keeps production constant and the U.S. and China agree to no further escalation in tariffs, non-OPEC production growth will remain in excess of global incremental demand.” “While the price crash at the end of 2018 caused a drop in U.S. rig count in America’s shale plays, prices have recovered and the… continue reading
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Source: CTRM Center