Will oil prices rebound in 2016?

Oilprice.com recently spoke with Carl Larry, director of oil and gas at Frost & Sullivan, a consultancy that conducts research on oil and gas markets, to get his thoughts on the state of oil in 2016.

Oilprice.com: I saw that you were on Bloomberg in December, and you said that you thought oil would go to the low US$30s per barrel, which was a good call at the time, before Opec would sort of relent. Do you see any chance that Opec can actually coordinate any production cuts?

Carl Larry: No, you know, at this point I think that there is something to consider . . . that up until now most people had thought that the Saudis and the rest of Opec were really pushing hard to slow down or stop altogether shale production in the US. But what it seems now is that they are really fracturing Opec, and in some ways almost undermining their own members.