Report
Dave Meats
EUR 101.80 For Business Accounts Only

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...
Underlying
Marathon Oil Corporation

Marathon Oil is an independent exploration and production company focused on the United States resource plays. The company also has international operations in Equatorial Guinea (E.G.). The company's segments are: United States, which explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in the United States; and International, which explores for, produces and markets crude oil and condensate, NGLs and natural gas outside of the United States as well as produces and markets products manufactured from natural gas, such as liquefied natural gas and methanol, in E.G.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

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.

We have operations in 27 countries.

Analysts
Dave Meats

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