Sat, Dec 20, 2014
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Oil, Resources more

OPEC’s spare capacity to rise in 2013

Posted on 19 December 2012

OPEC’s spare capacity will rise to 4.1 percent of global oil demand in 2013, analysts of the Global Energy Studies Centre (CGES) believe. According to the CGES analysts’ report, due to the recent reduction in Saudi Arabia’s production, OPEC’s spare output capacity has risen slightly to 3.74 million barrels per day (mbpd).
Although OPEC decided in Vienna recently to maintain its 30-mbpd ceiling, making no attempt to address its excess production, which has persisted throughout 2012, many observers predict that the Saudis and their Gulf allies will need to trim output in 2013………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 38538 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
S M T W T F S
« Nov    
 123456
78910111213
14151617181920
21222324252627
28293031