Mon, Jan 26, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Market Moves, Oil more

Analysts says OPEC must cut supply to balance oil markets

Posted on 16 October 2012

Analysts at Canaccord Genuity believe the apparent supply demand balance in the oil markets is a result of “non-recurring” demand.
“In our view, the preponderance of this imbalance the first half of the year was absorbed by non-recurring storage that includes the Chinese SPR (80 Mmbbls), Saudi Arabian stocking prior to the institution of Iranian sanctions (40 Mmbbls) and Iranian floating storage (20 Mmbbls),” said an analysts at Canaccord………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

 Article link

This post was written by:

VRS - who has written 38958 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
January 2015
S M T W T F S
« Dec    
 123
45678910
11121314151617
18192021222324
25262728293031