ENerViron

An article published in www.einfoanalytics.com by Mr Purushottam Uniyal

In June 2014, WTI touched $108/bbl mark while Brent crossed $115/bbl. On December 15, 2014, WTI decreased to $55.9/bbl mark while Brent touched a below $60/bbl mark on December 16, 2016.

  • Answer to – Is just 0.7% of oversupply creating pressure to oil prices?
  • Analysis of supply side factors with hidden factors.
  • Action expected from the oil powers to control oil supply glut.
  • Short-term energy outlook- production and consumption.

Sharp decline in global oil prices has surprised every market stakeholder in past six months.  Market failed to project such a scenario and almost no oil company was ready to such shockwave. Oil market stakeholders are clue less about the direction of prices and its clear implications – some believe current market it is temporary phenomena and market will bounce back while others are skeptical and believe it will prevail  for longer a…

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