Energy production in the US will rise but more of the output will be gassy
As it becomes more expensive to keep crude in tanks, traders will have to contend with structurally lower inventories
Plus, the White House contemplates a ban on fuel exports
Rising energy costs are needed to help curb demand making the transition to a cleaner world easier
Saudi Arabia needs to trim quality not just volume in order to balance markets
Strong demand and output cuts have led to a worrying supply shortfall
