Oil Prices to Remain Flat in 2018, Forecast Says

Here is a forecast that pretty much matches my sentiment.  Oil prices in 2018 will remain flat simply because the most likely scenario is that Saudi Arabia’s output cuts will be undermined by US shale fracking outputs.  Combined with the fact that crude inventories are simply too high, all this make a very stale outlook for oil and employment in that sector for 2018

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s