5 mins read
What factors would impact crude oil supply side equation in 2019? Russian non compliance, lower breakeven for US producers, higher production, restoration of disrupted supply in Libya and Kurdish Iraq. The list long.
1 min read
Our summarized outlook was simple. Oil demand growth is likely to remain stunted given high prices and a number of major issues structurally which will remove any impetus for an oil price shock similar to the one that we witnessed in 2008. With additional supply coming back to the market from Iraq and Libya, Europe struggling with the fallout of the PIGS crisis and the slowdown in China the demand situation was not likely to be rosy.