VIDEO: Oil prices correcting, but which price range is ‘sweet’ for investors?

May 28, 2018 9:50 am


Stephen Schork, president of the SchorkGroup, an energy consulting company in Villanova, Pennsylvania, talks about oil production and prices. He speaks with Bloomberg’s Yvonne Man on “Bloomberg Daybreak: Australia.”

There is still about 4$-$5 of political risk within the overheated oil prices that reached $80 for Brent over the last few weeks.

Markets are going back to that sweet spot of price ranges where both investors and consumers are happy.

What is it?

Meanwhile, producers are scrambling, some to comply and others to take advantage of current elevated prices.

Watch this oil production and crude price development take shape here.

Also:

Read: OPEC oil production cuts are history! Prices crash on Friday

Read:More Saudi spending born out of rising oil prices would be a major slip-IMF

Read:UAE’s promising coastline is now inviting top bids for oil & gas exploration

 


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Hadi Khatib
By Hadi Khatib
Hadi Khatib is a business editor with more than 15 years' experience delivering news and copy of relevance to a wide range of audiences. If newsworthy and actionable, you will find this editor interested in hearing about your sector developments and writing about it.