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Energy Analyst: “Meaningful Upside” for Oil Prices, Market Being Driven by “Fake News”

financialsense.com / FS STAFF / 10/12/2017

While oil markets haven’t been experiencing much love of late, there’s a strong case to be made based on the fundamentals for the energy sector.

Recently, on Financial Sense Newshour, we spoke with Marshall Adkins, Director of Energy Research at Raymond James, on why he sees a “meaningful upside” for oil prices and how “fake news” is dominating the energy markets currently.

For audio, see

The Topping Process; Perfect Storm Coming to EnergyReductions in Capex Spending May Drive Depletion

We’ve definitely seen capital expenditures (capex) slow, and when we see cuts to international and offshore spending by 50 percent, it’s obviously going to have an impact on the price of oil.

It’s also important to keep in mind that in the case of offshore and international projects, the lead time is very long.

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