04 2017

Josef Schachter on BNN’s Market Call

2017-05-08T16:23:57+00:00 April 7th, 2017|Appearances, BNN, Video|

Energy prices have been very volatile over the last two years and this may remain the case for the rest of 2017. Between OPEC’s desire for more market share and higher prices, the U.S. increasing production by 9.1 mb/d this month, Iran and Iraq raising production later this year, and Libya and Nigeria adding production while not being a part of the OPEC quota, a glut may arise during the spring shoulder season which we have now entered.