Commodity Trade Mantra

Posts Tagged ‘Oil Price Crash’

This Is Why $20 Oil Price Is A Possibility

I believe that another plunge in the oil price is required to thrust a dagger through the heart of US shale drillers and the banks that have supported them. Low oil price will at some point result in the situation reversing & prices will turn very quickly. But before that can happen, production momentum needs to be switched off & I dare say that requires a sharply lower oil price.

Is The Oil Price Crash A Result Of Excess Supply Or Plunging Demand?

One of the most vocal discussions in the past year has been whether the collapse, subsequent rebound, and recent relapse in the oil price due to surging supply as Saudi Arabia pumps out month after month of record production to bankrupt as many shale companies before its reserves are depleted, or tumbling demand as a result of a global economic slowdown.

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