The oil sector is buzzing with rumors at the moment, and, as usual, the financial news channels have absolutely no idea how to handle it.
How high will oil go in 2017.
It seems like every year the UK is on the verge of an energy crisis.
Now, another one’s about to hit – and the costs to British citizens could be massive…
While the energy market focuses on supply, demand is ramping up – especially in this region most investors are ignoring.
Late in the summer of 2016, I predicted that crude oil prices would be in the mid-$50s by the end of 2016, and the low $60s by the first quarter of 2017.
With the details and participants still not finalized, the OPEC oil deal’s future is unclear.
OPEC’s historic oil deal shocked markets, but the most difficult negotiations are still ahead.
I just got back from Abu Dhabi, in the United Arab Emirates, where I attended a series of meetings with colleagues from across the energy “universe.”
The OPEC oil deal has been dictating crude prices lately.
Tags: OPEC meeting
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