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Oil traders warn of impending supply crunch
Investors’ preference for projects with fast returns could spell trouble for future supply, warn oil traders and service executives. Many of these short-cycle projects involve U.S. shale operations, but with demand continuing to grow, shale projects will be unable to sustain the entirety of future demand, and underinvestment in long lead time, larger projects today will mean fewer barrels in the future.

“We are sowing the seeds for potential instability in the future and more volatility,” Mercuria...

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