Increase in US rig count will not cap oil prices
Green Car Congress
JUNE 23, 2016
The geological and commercial differences between the two couldn’t be more glaring. The EIA reported June 14 that it expects LTO output to fall by another 118,000 b/d by July, mostly from the Bakken and Eagle Ford. He was also optimistic WTI could exit 2016 at $70 because of the rapid rebalancing of global crude supply and demand.
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