Energy investors got clobbered in 2015, and are hoping for things to turn positive as we head into the New Year.
What can we expect in 2016? Here is a rundown of some key trends to watch for:
1. U.S. oil production contracts. Oil output in the U.S. has declined by about 300,000 barrels per day to 9.3 million barrels per day (mb/d). Most energy prognosticators, including the EIA and the IEA, see U.S. production falling by around 0.5 mb/d in 2016. The decline could be steeper than that, however, given the plunging rig count, high depletion rates, and read more >>>
Source : HuffingtonPost.Com