Increase in US rig count will not cap oil prices
Green Car Congress
JUNE 23, 2016
So this avenue to escape the war didn’t work for the book’s main character John Yossarian. He was also optimistic WTI could exit 2016 at $70 because of the rapid rebalancing of global crude supply and demand. It contained the outlook for the remainder of 2016, and the IEA’s first stab at 2017 which is in the following chart.
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