New cycle for oilers

THE flattening forward curve over the past 18 months has prompted Edison to lower its long-term oil price assumptions, but SBM Offshore has high hopes for the more costly deepwater offshore space.

New cycle for oilers New cycle for oilers New cycle for oilers New cycle for oilers New cycle for oilers
Still-elevated US inventory levels, which are a touch below last year's record levels, and robust shale production growth is expected to cover demand growth from the second quarter of 2017 to into Q2