The December edition of Glenloch Energy's Oil Market Forecast ("OMF") (published on the 21st of December) follows another eventful month in the oil & gas industry, and not for the reasons expected. While Omicron made the headlines and immediate impact on prices, the more significant news this month may be a shift in sentiment on supply and demand balance next year, driven by resurgent supply. We spend some time this month looking at supply and demand, and as US production moves back to center stage, US investment next year.
A few key points:
Access Glenloch Energy's December OMF here.
© 2021 Oil & Gas Advisors Limited
Website by Rugby Web Design