Crude Prices Will Hold As Shale Glut Not Happening Soon, Say Analysts

摘要

It could be actually happening, sooner rather than later. An IEA forecast says that electric vehicles will displace 2.5 million bpd in crude oil demand by 2030. OPEC may be constrained to ramp up output but some analysts remain upbeat about the future of oil prices, citing transport constraints in the U.S. shale patch as well as companies' prioritization of returning cash to shareholders over investing in new production.