Breitburn Energy Partners LP fka BBEPQ

[farrell90]

An equity committee is vital. If we are on the verge of an oil price turn around the judge must be aware of changing market conditions and valuations otherwise the small investors will be sacrificed while the big investors will make billions.

GLTA, Farrell

http://www.telegraph.co.uk/business/2016/09/07/oil-market-faces-supply-crunch-within-a-year-warns-hsbc/

From HSBC

Jillian Ambrose
7 SEPTEMBER 2016 • 6:10PM
The global oil market should brace itself for a looming supply crunch as early as next year, which could lead to price shocks and a growing dependence on exports from the Middle East.

HSBC analysts have warned that demand for oil will help to balance the oversupplied market by the year’s end. But as demand continues to climb against a backdrop of low investment in new reserves the global market runs the risk of supply shocks and rocketing prices within the next two years.

“The oil market may be oversupplied at present, but we see it returning to balance in 2017. By that stage, effective spare capacity could shrink to just 1pc of global supply/demand, leaving the market far more susceptible to disruptions than has been the case in recent years,” HSBC analysts said in a research note.