WTI crude prices have reached levels not seen since 2014 when a wave of U.S. shale oil hit the market and forced OPEC to take action.
What followed was a war of attrition between OPEC’s de-facto leader Saudi Arabia and the U.S. shale patch, in which Saudi Arabia burned through hundreds of billions of dollars in cash reserves and in which numerous shale companies drowned under a mountain of debt.
Eventually, the cartel decided to change course and began to cut production, effectively taking back control of the marginal barrel.
In 2021, after a failed oil price war and a devastating pandemic, an energy supply crunch is threatening the market… A bad scenario for consumers and governments, but potentially a great scenario for energy producers.
Mumbai Multimedia Studio's Oil & Gas researchers have identified a number of seriously undervalued, low-debt, North American energy companies with very strong free cash flow...
