2018 Energies Outlook

2018 Energies Outlook

The outlook for 2018 energies suggests that the market has shifted into a supply-tightening mode. This view is based on the fact that as US production continues to post records, US crude oil inventories have seen the annual deficit soar to nearly 73 million barrels. The relative tightening of US supply is not limited to crude oil stocks, as product stocks have also registered annual deficits. However, further analysis shows that energy prices as a whole have factored in this tightening, with crude oil prices sitting at the highest levels since 2014.

  • World production

  • COT

  • Supply vs. demand

  • Fundamental changes

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