Wednesday, November 20, 2019

Oil Prices Heading Towards a Hard Landing

Image result for plunging oil pricesOil prices have been exceptionally stable through most of 2019 establishing itself comfortably at about $60/bbl (Brent) with little deviation except briefly in the aftermath of the attack on the Saudi oil facilities this summer.

However oil prices are about to experience a hard landing as a result of a gusher of oil from several new sources coming on-line against the back-drop of slowing global economic growth as articulated in the following published article:

Oil Prices Heading Towards a Hard Landing

Indo-Brazilian Associates LLC is a NYC-based think-tank and advisory service that provides prescient beyond-the-horizon contrarian perspectives and risk assessments on energy investments, geopolitical dynamics and global urban security.

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