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U.S. shale drillers won’t scale back output quickly enough for OPEC
to avoid production cuts this year, according to a quarterly poll of
Bloomberg subscribers.
Forty-nine percent of analysts, traders and investors surveyed said the Organization of Petroleum Exporting Countries will have to lower its production target this year, while 34 percent said shale drillers will lower output in time. Seventeen percent weren’t sure.
Fifty-eight percent of respondents who said OPEC will cut its
production target expect it to happen in the second half of the year,
compared to 34 percent who see it happening before the end of June. The
poll of 481 investors, analysts and traders who are Bloomberg
subscribers was conducted Jan. 14-15 by Selzer & Co., a Des Moines,
Iowa-based firm. It has a margin of error of plus or minus 4.5
percentage points.
To contact the reporter on this story: Boris Korby in New York at bkorby1@bloomberg.net
To contact the editors responsible for this story: Nikolaj Gammeltoft at ngammeltoft@bloomberg.net David Papadopoulos
Forty-nine percent of analysts, traders and investors surveyed said the Organization of Petroleum Exporting Countries will have to lower its production target this year, while 34 percent said shale drillers will lower output in time. Seventeen percent weren’t sure.
To contact the reporter on this story: Boris Korby in New York at bkorby1@bloomberg.net
To contact the editors responsible for this story: Nikolaj Gammeltoft at ngammeltoft@bloomberg.net David Papadopoulos
