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Has the oil market found balance?

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Listen: Has the oil market found balance?

After the Abqaiq attack, OPEC+, trade fights, and the ongoing record growth of US shale, oil prices are, basically, right where they were a year ago.

Are supply and demand aligned? Is the oil market actually balanced, or at least as balanced as it will ever be? At the US Association for Energy Economics annual North American conference outside Denver last week we talked balance with: Eirik Waerness, senior vice president and chief economist with Equinor; Helen Currie, chief economist with ConocoPhillips; Mark Finley, a fellow in energy and global oil at Rice University's Baker Institute; R. Dean Foreman, chief economist with the American Petroleum Institute; and Amy Myers Jaffe, director of the Council on Foreign Relations' energy security and climate change program.