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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (27653)	3/31/2017 4:49:47 PM
From: Goose94	Read Replies (1) \| Respond to of 203687

Crude Oil traders warn of oversupply. Even as some argue that shale could be a long-term phenomenon, some of the world’s largest oil traders are cautioning against too much reliance on short-cycle projects in Texas. At the FT’s Commodities Global Summit, two executives from Mercuria Energy Group and Trafigura Group said that the market could see a supply crunch towards the end of the decade because of a shortage of investment today. That echoes a warning from the IEA in early March. “The low-hanging fruit on the short-cycle projects are being used now so I am more in this camp that says we are starting to see potential issues three or four years down the track,” co-head of group market risk and former head of crude trading at Trafigura Group Ltd., told the audience. IEA: price rally not significant even with OPEC extension. The head of the IEA cautioned investors against expectations of a substantial price rally even if OPEC extends its cuts for another six months. Huge inventories will weigh on the market and new non-OPEC supply would come online if prices moved too high.