ShippingWatch

Analysts: Shale oil will not alter the market radically

The increased production of American shale oil will impact the market, but not to the extent recently predicted by a Norwegian oil analyst, says Global Risk Management to ShippingWatch.

Photo: Øyvind Hagen/Statoil

“It will impact the market, but we don’t think the impact is going to be that big. We certainly don’t believe that shale oil will flood the market by 2020.”

 This is the summarized attitude of Global Risk Management oil analyst Michael Poulsen in regards to current shale oil developments.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Latest news

See all jobs