Crude’s tightrope

The Energy Report gave an early warning about the state of the crude market we are in now. We warned producers and users of oil, gas and diesel to hedge. Now there are reports of airlines reducing capacity and businesses that are struggling due to higher crude and product costs. The recent oil price strength was born in the price crash in 2015 as it forced companies to cut investment and incorrect assessments about shale oil and the outlook for demand.

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From:: Resource Investor