Sat, Aug 23, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Oil, Price Watch more

Oil price forecast: Keep an eye on cost of production

Posted on 04 June 2013

Sanford C. Bernstein, the Wall Street research company, estimates that non-OPEC marginal cost of production rose last year to $104.5 a barrel, up more than 13% from $92.3 a barrel in 2011, according to the Financial Times.
New production is capping price rises, but the average cost of production is rising rapidly, impacting some producers and regions more than others. In the long run, this is not sustainable and nor is the shale oil industry itself, some believe, if prices fall much lower………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 36568 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

August 2014
S M T W T F S
« Jul    
 12
3456789
10111213141516
17181920212223
24252627282930
31