4 Reasons 2020 Could Be Another Challenging Year for Oil Stocks

Few companies understand the inner workings of an oil field more than Core Laboratories (NYSE: CLB). The company makes its living by helping energy companies understand their reservoirs. That gives it keen insight into how much oil the industry can produce.

However, instead of keeping those learnings to itself, Core routinely shares it with its investors, giving them insight into what's going on beneath the surface of the oil market. The company's CEO, David Demshur, presented his latest view during the third-quarter conference call. One of the key takeaways is that there's another gusher of supply coming in 2020. That likely will keep the pressure on oil prices next year, suggesting it could be another challenging one for oil stocks.

Image source: Getty Images.

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