The most likely case is that WTI will remain stuck in the upper $40 to lower $50 range through December 2017.
OPEC extended oil production cuts last week and oil prices plunged. OPEC's goal was to keep a floor under current prices but the market expected the cartel to move prices higher through inventory [...]
Natural gas prices should be strong with tight supply through 2017. Supply and will probably increase with new pipeline completion some time in 2018 and that will result in lower gas prices. [...]
Global oil inventories are falling because of OPEC and non-OPEC production cuts but the road to market balance will be long and unpredictable.
Shale companies have pushed break-even oil prices below $40 per barrel---but so have major oil companies.
I am tired of hearing about the unbelievable impact of technology on collapsing U.S. shale production costs. The truth is that these claims are unbelievable. The savings are real but only about [...]