Watch Video: Long- and Short-Term Challenges to Oil

Oil: Short-Term Versus Long-Term Price Scenarios

By Blu Putnam, Chief Economist, CME Group

Highlights

  • U.S. oil output could hit 10 million barrels per day in 2018
  • Shale technology widening output gap between U.S., North Sea
  • Brent’s role, even as a regional benchmark, set to diminish in 2020s
  • Long-term outlook for oil prices tempered by electric vehicles

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