Although oil saw a rapid decline in benchmark prices at the end of 2019, MRP remains bullish on crude prices due to oncoming supply disruptions that could spawn a similar run up like markets saw in early to mid-2018, or perhaps an even more dire situation.

Not only is OPEC lining up renewed supply cuts in coming months, but North America’s oil infrastructure has begun to show cracks, particularly when market prices remain too close to, or below, breakeven rates across shale fields . . .

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