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Paul Jansen: With OPEC Looking to Expand Production Curbs, Oil Investors Are Hopeful That Prices Have Stabilized – TheStreet.com

Paul Jansen was quoted in TheStreet.com‘s article titled “With OPEC Looking to Expand Production Curbs, Oil Investors Are Hopeful That Prices Have Stabilized.”

“Don’t expect recently increased tensions between the U.S. and Iran to be a driver that increases crude oil prices, absent meaningful escalation,” notes Paul Jansen, managing partner, at Conway MacKenzie in Houston. Jansen says oil investors need to consider that “U.S. onshore rig count has doubled last year, and that the associated production increase may cause OPEC to rethink its production cuts.”

To read the entire article, click here.