From Sweet to Sour: The Triangle Trade of Global Crude Oil Markets
Over the past ten years, there has been an astounding increase in US crude production, from an output of 1.8 million barrels in 2008 to a world-leading 12 million barrels per day in 2018. Global exports in oil are expected to face an interesting
No Pain, No Gain?
Between 2H15 and 3Q16, the Chinese demand-driven and U.S. shale gas-fueled commodities supercycle entered free fall. As crude plunged by two-thirds in the span of mere months in 2015, oil futures dragged down the value of other commodities and a wide variety of ancillary asset classes.