Commodity Trade Mantra

Posts Tagged ‘US Shale Production’

Has Saudi Arabia Underestimated the Shale Oil Resilience yet Again?

Saudi Arabia seems unfazed from a possible rebound in U.S. shale. They still believe that current oil prices at around $50 are still not enough to herald a significant rebound of US shale production. Saudi Arabia’s oilmen may not lose sleep over U.S. shale resurgence, but it looks like they may have underestimated the shale resilience yet again, as was their idea of flooding the market with oil in 2014.

Oil Markets Could Be In For A Shock From China Soon

The oil market dynamics are complex and fluid. US shale supply is hugely important for oil prices, but one of the more underreported factors influencing the price of oil is the pace of demand growth coming from China. Any insight into this factor can provide clarity on the trajectory of oil prices.

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