The "Rebound Phase" started earlier than expected - May 20
Posted: Wed May 20, 2020 9:24 am
In reality, the U.S. shale sector is set to emerge stronger, and earlier, than the vast majority of people think.
Read: https://oilprice.com/Energy/Energy-Gene ... -Fail.html
Something that cannot continue, will not continue: Here is why oil prices must go a lot higher >>> "At the moment, Saudi’s official budget breakeven price per barrel of Brent is US$84 (although after the latest oil price war it is in reality nearer US$100). If Brent stays under $50/bbl, Saudi Arabia will be bankrupt in about three years and they know it.
Read: https://oilprice.com/Energy/Energy-Gene ... -Fail.html
Something that cannot continue, will not continue: Here is why oil prices must go a lot higher >>> "At the moment, Saudi’s official budget breakeven price per barrel of Brent is US$84 (although after the latest oil price war it is in reality nearer US$100). If Brent stays under $50/bbl, Saudi Arabia will be bankrupt in about three years and they know it.