MRP 157: Oil Price Forecast - Will Prices Go Higher?
Manage episode 331159324 series 2539255
this episode we give an update on the current oil market and discuss why leading indicators like the inventory of Drilled but UnCompleted (DUC) wells is important in determining if the U.S. can grow production to meet demand (and in turn cause oil prices to fall). We also talk about the impact of the recent EU embargo on Russian crude oil and the June 2022 OPEC+ meeting and how these things will affect prices for the remainder of 2022.
Resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.