The Australian: “Oil prices could stay low for decade, says Michael Hintze”

The Australian reports on CQS Founder Sir Michael Hintze’s warning that the price of oil could stay low for a decade, due to a structural shift in the dynamics of the oil market.

In a new research report addressing the issue, Sir Michael notes:

“This time around there are reasons to believe the decline is structural due to the changes to the market brought about by fracking and Saudi Arabia no longer being willing or able to act as a swing producer…There is a major change to the value chain taking place.”

Sir Michael notes that energy importing countries and regions such as China and the European Union as well as transportation companies and other significant energy users such as mining companies are likely to benefit from the lower oil prices.

Read more: “Oil prices could stay low for decade, says Michael Hintze” – The Australian