Sun, Mar 29, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Market Pulse, Oil, Price Watch more

Majority in OPEC, including Saudis, favor $100/barrel oil

Posted on 19 September 2012

Most members in OPEC, including Saudi Arabia, believe that the ideal price for oil is around $100/barrel and would like to see current oil prices fall further given a weak global economy, a senior Gulf official said Tuesday.
“We think the oil market is balanced. There is no shortage,” the source told reporters on the sidelines of an energy conference in Dubai. “The expectation is that for the next few months and next year even, there is more non-OPEC oil coming.”……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 39856 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
March 2015
S M T W T F S
« Feb    
1234567
891011121314
15161718192021
22232425262728
293031