Capital Spending, What to Expect for Rest of 2016

The video discusses a survey on capital spending in the oilfield service industry, highlighting significant declines in 2016 but potential recovery in 2017. It examines the impact on the US oil industry, noting reduced spending and production. The discussion covers future expectations for oil prices and industry recovery, with a focus on global supply and demand dynamics. Inventory levels and market outlook for oil service firms are also analyzed, suggesting a potential rally as oil prices rise.

What is the expected impact of oil prices on shale producers and their production levels?

What are the demand forecasts for oil, and which countries are leading this demand growth?