RAPORT ANALIST April 15, 2016
Data primei distribuții către public: Apr 15, 2016

CEE Oil & Gas. Life begins at 40

In our view, crude oil prices appear to have bottomed out, which removes a huge amount of uncertainty for the upstream segments of these companies. Global oil stocks are still high and supply has been slow to respond to the price signals, but marginal suppliers are finally reducing their production volumes. March 2016 US total crude production was down 566,000 bpd from its peak back in June 2015, which means that there is less uncertainty.