I posted comments from the investment bank on oil earlier in the week:
Analysts at the bank with more now, along the same lines:
- "Oil fundamentals are now more bullish as robust demand faces supply disappointments
- Only the U.S. has seen significant upside surprises in production owing to the high prices, but shale is facing growing pains"
(pipeline capacity constraining growth into 2019)
OPEC not likely to pre-empt the loss of oil exported from Iran
Will react and in doing so capacity will be further restrained .... an "increasingly tighter market"
