Millions Of Barrels Of Oil Are About To Disappear

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Rupert Hargreaves
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Bloomberg Brief’s Oil Buyers Guide for the week ending May 22 put forward the argument that due to  OPEC’s war on the shale drillers, the shale industry is about to see millions of barrels of undeveloped reserves are about to disappear. Falling completions Bloomberg argues that when OPEC meets next month, the cartel of oil-producing nations will decide to keep their production policy unchanged at 30 million barrels of oil per day. This thesis is based on the fact that rival producers are already starting to buckle under the strain of low oil prices. In other news, the number of…

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk

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