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Commodities Briefing - Categorized | Market Moves, Oil more

OPEC acknowledges U.S. oil threat

Posted on 14 March 2013

The Organization of the Petroleum Exporting Countries, the key influencing factor in the oil market since the 1970s, could be set to have its lowest share of the global oil market in more than a decade.
The Wall Street Journal’s Sarah Kent explains that, having initially played down the threat from U.S. production growth, OPEC now expects increases in supply from countries not in the cartel to grow by more than 1 million barrels a day…………………………………….Full Article: Source


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