The first quarter of 2017 was turbulent for the energy sector as commodity markets reacted negatively to increases in US oil inventories while still waiting for the effects of OPEC quota cuts to be reflected in global inventory data.
In the Global Energy webcast, our Global Energy Team discussed:
• OPEC and non-OPEC production cuts: high compliance levels from both OPEC and non-OPEC and the potential for the extension of the current production cuts
• Activity in US onshore: highlighting our expectations around potential production levels from the US onshore shale industry
• Rebalancing of global oil and oil product inventories: explaining how world inventories are already correcting and the potential rebalancing for the remainder of 2017
• Energy equities underperformance year to date in 2017: analyzing the market relative weakness year to date and the potential trajectories under various oil prices scenarios
Opinions expressed are subject to change at any time, are not guaranteed and should not be considered investment advice.
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