ERC Equipoise Oil Price Review Report – 2017 Q4

ERC Equipoise has released their quarterly ERCE Oil Price Review for Q4 2017 and TAG Oil is happy to have been granted permission to share it with our followers.

ERC gives an in-depth view to understand the trends and fundamentals of oil prices through a variety of different outlets such as SEC, petroleum consultants, oil analysts and their own expertise and analysis.

This review focuses on oil prices powering through the 50s as the markets move into backwardation, which indicates:

  • A tightening market
  • Money managers turning bullish and increasing their net long positions
  • OPEC pros and cons of extending members’ production freezes
  • Shale production showing deceleration

Download the full report here.