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Is the global oil market chasing an 'almost-mythical' state?

Electric Power | Natural Gas | Natural Gas (North American) | Oil | Crude Oil | Refined Products | Metals | Steel

Market Movers Americas, Feb 22-26: Commodity markets feel the impact of winter storm


Platts Market Data – Oil

Oil | Crude Oil | Coronavirus | Energy Transition | Macroeconomics

37th Asia Pacific Petroleum (APPEC 2021)

Natural Gas | NGL

E&Ps Pioneer, Centennial see their winter-storm downed oil and gas output restored within a week


Insight from Moscow: Russia's strong economic position among OPEC+ members underpins its negotiating power

Listen: Is the global oil market chasing an 'almost-mythical' state?

Capitol Crude talks to some top players in the energy economics game to consider whether oil's perpetual quest for balance is possible and how it affects production and prices.

John Kemp, senior market analyst, commodities and energy at Thomson Reuters, and Ross McCracken, managing editor at Platts Energy Economist, talk to senior oil editor Brian Scheid in London. They ponder whether the global oil market will ever be in balance and how US production — from both shale, conventional and offshore sources — plays into that equation. How will production costs, crude prices and policy decisions impact future supply, and why don't we hear about outlandish price forecasts anymore?

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