23 May 2018
Weekly Insights From The FNArena News Desk 21/05/18
There are probably as many similarities with the situation in 2008 as there are differences back then with global energy markets today, but one key characteristic hasn’t changed: energy producers are one of the best performing sectors on the stock exchange and many an enthusiastic market follower is looking upwards for more investment gains potential.
Can we really see Brent crude oil futures revisit US$100/bbl this year?
If so, the answer may not lay with Saudi Arabia and OPEC, but more likely with Venezuela, or Iran (Trump permitting), while the US shale industry sorts out its infrastructure bottlenecks. Equally important, if we do get to see further upside in global oil prices, at what point does this start to weigh upon market sentiment?
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