Asked by Anonymous
Asked on 19 Apr 2019
By cutting down production, it potentially means that we as investors might reap from this situation... So should we?
That's the billion dollar question isn't it! Sadly predicting the price (especially on a short term basis) for any underlying, especially something that can get whipsawed by a number of macro factors like Oil is basically impossible.
Some of the main factors are play on the demand side, or lack there of, is the electrification/use of LPG/LNG for the purposes of transportation while also a surge of supply given the shale boom in the US. Personally find there to be more value in the shipping of oil sector.