Fresh oil drilling in US, long build up in Natural Gas – IB Times

This segment with Gaurav Sharma, Oil Analyst at IB Times will be an eye opener for the one out there who still believes a production freeze agreement between the major producers is likely at the Algeria meeting later this month.

In his visit to US, Sharma saw increase in drilling activity, which clearly states the producers across the pond are getting comfortable with the current price range. He goes on detail the dynamics of the oil market which suggest the current price range is likely to persist for a long time. Sharma also takes note of the long build up in the natural gas market in US.