for Oil Demand
If U.S. shale does not live up to market expectations, the oil market could tighten up by more than anticipated.
Talk of a global oil glut in 2020 is predicated on supply growth in U.S. shale—but predictions of shale's increases vary wildly.
Although some observers paint automation and the future of work as a zero-sum game, the choice between technology and workers does not have to be binary.
Even in the medium-term, the interest in offshore drilling is looking shaky.
OPEC+ might have to extend its cuts when the group meets next month, but the pain in the U.S. shale industry may make its long-term task easier.
Slowing growth in both Persian Gulf economies and U.S. oil production gives OPEC+ plenty to think about when they discuss output cuts in early December.
Global supply outages stand at exceptionally high levels—even as Brent struggles to stay above $60 per barrel.
The immediate impact of Abqaiq may have been minor, but the long-term lessons from this incident are bound to become more clear with time.
After the Abqaiq attacks, some analysts believe the market is overlooking rising geopolitical risk.
The oil market’s vulnerability and dependence not just on a single country, but on a single facility, was laid bare on September 14.