Oil Prices: A Brave New World?

This month’s insight piece looks at some of the drivers behind the recent plunge in oil and examines whether these are temporary or longer-term issues. We conclude that little has changed: we will hit peak shale by 2016-18 and by next year demand will already exceed supply. And the moment Saudi Arabia decides to sell its oil at higher prices, prices will rebound. 

Read the full article here...