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home / news releases / BTEGF - At The Current Global Supply And Demand Deficit We Will See $100/Bbl Oil Soon


BTEGF - At The Current Global Supply And Demand Deficit We Will See $100/Bbl Oil Soon

  • At the current pace of inventory draw, we are headed for triple digit oil prices.
  • China has been strategically draining crude inventory and shunning crude on the open market. But this won't persist and it presents a ~2 mb/d of tailwind.
  • If global oil demand continues to recover, global oil inventories will decline below the 2010-2014 norm.
  • If oil does reach $100, there will be a lot of FOMO in the market with generalists rushing in.

For further details see:

At The Current Global Supply And Demand Deficit, We Will See $100/Bbl Oil Soon
Stock Information

Company Name: Baytex Energy Corp
Stock Symbol: BTEGF
Market: OTC
Website: baytexenergy.com

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