In a recent report, Barclays analysts gave their updated outlook for the oil industry.
Although analysts see some signs that oil production growth may be slowing faster than previously anticipated, they caution investors in oil, such as owners of the United States Oil Fund LP (ETF) (NYSE: USO).
Falling Capex
Analysts point to falling 2015 capex and production guidance by many oil producers as a major driving force behind slowing production growth.
Barclays is forecasting a drop in oil production growth for the companies in its coverage universe, from 14 percent growth in 2014 to only 8 percent growth in 2015. Capex spending is ...
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