EIA Aligning With Our Bearish 2018 Crude Forecast
In its latest short-term energy outlook, the U.S. Energy Information Administration increased its 2018 domestic crude production forecast by 0.3 million barrels per day to 10.3 mmbpd. The revision brings the organization closer to our own 2018 forecast of 10.6 mmbpd--a level that could severely erode the effectiveness of OPEC’s production cuts and push crude markets back into oversupply during the second half of the year. This scenario does not appear to be baked into consensus forecasts yet (or...Halcon Resources is an independent energy company focused on the acquisition, production, exploration and development of onshore liquids-rich oil and natural gas assets in the U.S. The company focuses on oil and natural gas acquisition, production, exploration and development in the Delaware Basin. The company's properties and drilling activities are focused in the Delaware Basin in Pecos, Reeves, Ward and Winkler Counties, TX.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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