Home |  News |  Medical  |  Cars |  Life |  Archives |  New Archives |  RSS |  Twitter |  Facebook |  About Us | 









Bogota Free Planet Comments



Don’t Hold Your Breath For Deeper OPEC Cuts

Posted by BFP Staff on Jul 6, 2017 at 03:55 PM

OPEC's oil exports are not all that different from last year's figures

By Nick Cunningham of Oilprice.com
The rally in oil prices over the past two weeks came to a halt on Wednesday on news that OPEC is actually exporting more oil than previously thought.
A month ago, oil prices appeared to be higher than they should have been, with weak demand, elevated inventories, and a recognition that the nine-month OPEC extension would be inadequate to balance the market. Oil sold off and dropped to the mid-$40s and below. Oil traders then bought on the dip, and bid prices back up over the past two weeks. Now, prices again look like they could be reaching an upper limit.

More...



Post a Comment to: BFP Staff

Name:

Email (not for display):

Location:

Remember my personal information

Notify me of follow-up comments?

Submit the word you see below:



Note from the Editor:

This section is for comments from readers of bogotafreeplanet.com.

Please don't assume that Bogota Free Planet agree with or endorses any particular comment just because we let it stand.

A reminder: Anyone who fails to comply with our terms of use may lose his or her posting privilege.

Custom Search
Pursuant to Title 17 U.S.C. 107, other copyrighted work is provided for educational purposes, research, critical comment, or debate without profit or payment. If you wish to use copyrighted material from this site for your own purposes beyond the 'fair use' exception, you must obtain permission from the copyright owner.

Views are those of authors and not necessarily those of Bogota Free Planet. Content is Copyright 2011 the individual authors.