I think one of the *biggest* factors in 2019 regarding global oil prices and global oil production will be ... what the heck is U.S. Shale Oil going to do about its overproduction?
Seems to me that U.S. light tight oil will continue its running on the neverending hamster wheel of debt, but will be in for a world of pain if / when interest rates on US Dollar rise.
If oil prices recover to my personally preferred range of around $70 Brent and $65 WTI for 2019, then U.S. Shale Oil industr