Oil stocks are a fantastic source of diversification in an energy-rich world.
Here are some of the best stocks to invest in right now.
North Sea oil: Brent crude oil futures have gained around 15 percent over the past year.
In January, it had traded around $70 per barrel.
Brent crude has risen as high as $125 per barrel and now trades around $125.
That’s a pretty solid gain.
In 2018, it was trading around $100.
That should keep Brent crude prices in a decent position in the near term.
The question is how much will oil prices rise over the next few years.
Brent oil was down more than 20 percent from $115 in the summer of 2017.
Brent futures are a good way to look at where oil prices are at right now in the current energy market.
The reason Brent crude is rising is that a lot of the shale boom has been fueled by cheap oil from Canada.
The rest of the world is in a similar boat.
North American oil production is already in a downtrend.
The US is already seeing its first oil shortage in decades.
As production falls, demand for oil will pick up and prices will start to fall.
The current oil price is going to be very difficult to recover in the short term.
U.S. crude: Brent oil is down more over the last few years than it has been in nearly a decade.
In August, Brent crude was down $25 per barrel from a high of $135 per barrel in late 2018.
The price drop has been gradual.
Brent was down between $80 and $100 per barrel over the first five months of 2019.
Brent is still around $80 per barrel at the moment, which is pretty good.
That means Brent crude will stay around $75 to $80 by the time crude prices rebound.
If Brent crude doesn’t rebound much, it will continue to fall for a while longer.
Brent prices have fallen because of two things: the lack of investment in shale, and the decline of oil prices in general.
Shale has been a huge part of the recent oil price recovery.
There are a lot more U..
S.-based companies now producing oil.
Companies like Schlumberger and Arch Coal are producing the stuff.
This is great news for the American economy, which depends on the production of domestic energy.
If prices go up, that will hurt the American industry, and that will have an impact on domestic consumption.
shale: Shale is back.
The last time U. S. shale production was this low was in 2013.
Shales are the biggest contributor to oil prices and they’ve been growing in recent years.
Since 2013, production has grown about 9 percent a year.
Shines have now surpassed the 1 million barrel per day average in recent history.
This year, production is forecast to grow about 4 percent a month.
Shocks will be coming through more in the future.
But overall, shale production is expected to grow by 5 percent a quarter this year and then by more than 12 percent a decade later.
Shiller estimates that shale is expected at 7.5 million barrels per day by 2020.
That would be more than 3.6 million barrels a day of oil.
Shillings prices are going to continue to go up for a few more years.
Energy companies: The U.K. and France have been major oil exporters for years.
However, in the last decade, the two countries have been on a massive energy debt binge.
In 2010, the U.k. and French were borrowing $100 billion each.
has been on this path of debt and borrowing.
The two countries’ debt load is now $400 billion a year and it’s expected to rise to $700 billion in 2020.
If the two nations were to borrow more today, they would have enough debt to pay back $5 trillion.
Canada: Canada is one of the largest oil producers in the world.
The Canadian economy is huge.
The country’s gross domestic product is $15 trillion.
The GDP per capita in Canada is around $32,500.
Canada is also the largest exporter of oil to the rest of North America.
Canada’s economy is currently at its strongest since the mid-2000s.
Canada imported almost a third of the oil it needs from North America in the past decade.
This has helped the Canadian economy grow by more the past five years than any other major oil producer.
The average Canadian household now pays $7,000 a year in energy taxes.
That was $3,600 in 2009.
In 2019, that amount was about $3.2 million.
The United States has been the largest importer of Canadian oil, but the U S. is now the largest producer of Canadian crude.
Canada imports roughly a quarter of the crude it needs for its domestic production.
In 2020, the total U.s.