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We are in a boom-bust cycle, with no end in sight, rather than a 'new oil order', and shale oil will contribute to, not dampen it.
Inventory levels are balanced today and forecast to remain so in 2018, supporting Brent spot prices at levels of $60 Brent a barrel or more.
Barring a global economic recession in this decade, we are in the early innings of new, demand-led bull market. And for all the talk of EVs, oil demand is soaring.