Macquarie: Oil Price Of $45 For 2020

The oil market could be a swamp that turns into a lake with a flood of supply dominating the delicate market picture until 2020. A July 2017 report from Macquarie’s Houston-based energy analyst Vikas Dwivedi looks at OPEC but more specifically those rebels in NOPEC – essentially North American producers who fall under the No Oil Producing and Exporting Cartels Act – who could keep the supply end of the delicate pricing formula weighted down for the next several years. While there have been rumors of how best the OPEC cartel can shake the pesky North American producers out of the market with lower prices, Macquarie offers a line in the sand at which the production flow...