The impact of lower oil prices on shale oil- US Shale Oil at an Inflection Point
Oil Market ReportUS shale oil production continued to increase even as oil prices tumbled 50 percent but lower oil prices have begun to take their toll. Sustained drops in US oil production are expected as oil hedges expire, financing from secured lending is tightened and the high yield debt market becomes too expensive. Aside from shale oil, the lower oil price environment will also impact global oil supply but Saudi Arabia will be the main beneficiary when global oil markets become tighter and prices rebound by 2020.
Quarterly GDP update: Oil sector dragged down overall growth in Q2
Oil Market ReportLatest economic growth data released by CDSI show a real economic growth of 3.8 percent year-on-year, 1.3 percentage point lower than in the first quarter of this year. Contribution to growth has changed compared to the previous quarter and has become more dependent on the non-oil sector. We assume that year-on-year economic growth will be lower in the second half of the year, owing to a decline in oil sector output, while the non-oil private sector will remain robust.
The Outlook for Unconventional Oil Gas Production Full report
Oil Market ReportThe Outlook for Unconventional Oil Gas Production Full report
