A couple of interesting studies have come across my desk in recent days that merit noting. Taken together, they paint a picture of a domestic shale oil and gas industry that is relatively healthy and will only grow healthier throughout 2019 as it benefits from stronger commodity prices.
Will oil inventories hit a record deficit later this year? – That’s what the partners at the Goehring and Rozencwajg investment firm think. In their March 15 analysis, they estimate that stronger-than-projected global demand for crude, combined with the full implementation of promised export cuts by the OPEC-plus countries will result in a significant drop in global crude inventories over the course of this year.
