Drowning in Crude: Can Shale Survive an Oversupplied Market
As prices drift lower and slip below $60/barrel, industry participants are watching closely for either a slowdown in production, or for signs that the industry is more resilient than before, and can control costs to ride out this bearish wave.
In this AskBNEF, Wayne Tan, Head of Oil Markets Research and Tara Narayanan, Head of Upstream Oil will join BNEF's Managing Director Ashish Sethia to discuss the outlook for US oil production, how costs stack up against prices, and how global balances will evolve next year.
Speakers
Thomas Rowlands-Rees
Head of Research, North America
BloombergNEF
Tom Rowlands-Rees joined BloombergNEF in 2009. Since March 2020 has led the group’s analysis for North America. His team provides cutting edge market research on trends in power, gas and carbon markets in the region. Before taking on his current role, Tom was Head of Analysis for Europe, the Middle East and Africa. Prior to joining BloombergNEF in 2009 Tom completed his PhD in Physics at Oxford University.
Wayne Tan
Lead Analyst, BloombergNEF
BloombergNEF
Wayne is the lead analyst for the short-term oil markets at BloombergNEF. He is the lead author of BloombergNEF's regular oil market reports, and design analytics tools on spreadsheets for oil traders. He was also involved in the Hydrogen Special Projects, focusing on and modelling the economics of demand in the chemical and transportation sectors.
Tara Narayanan
Lead Analyst, North America Regional Trends
BloombergNEF
Tara leads cross sectoral analysis for North America, with a focus on long term decarbonization trends. Tara's research has covered economic, policy and company trends in US renewables and clean power, as well as power markets. She is based in Boston. Tara holds an MS in Natural Resources and Environment and an MA in Applied Economics from the University of Michigan, Ann Arbor, and a B.Tech Mechatronics Engineering from SASTRA University, India.