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Published on Friday, February 10, 2017 | Updated on Sunday, May 13, 2018

U.S. | Oil Price Outlook (February 2017)

OPEC output deal may have a limited impact on prices. Going forward, inventory correction and the lagged effect of CAPEX cuts should lead to higher prices. The recovery of U.S. shale production is expected to prevent a steep upturn in prices. Little to no upside from demand. Slow recovery and convergence to $60/bbl.