'Demand destruction' - analysts race to lower outlooks for oil
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'Oil prices likely need to remain well within the cash cost curve to help re-balance markets' - Credit Suisse (USO)
March 23, 2020 6:35 PM EDTCredit Suisse analyst William Featherston comments "Oil prices likely need to remain well within the cash cost curve to help re-balance markets. Wood Mackenzie estimates 4% of global production has a cash operating cost >$35/Bbl Brent and 10% of production has a cost >$25/Bbl. In the 2015-16 oil price crash, Wood... More
