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

Commodities Briefing - Categorized | Oil, Research more

Considering some oil numbers before the inevitable in Syria

Posted on 29 August 2013

As the likelihood of an attack by Western powers on Syria continues to roil the oil markets, here are a few numbers that we offer as background: Syrian production: It’s about 50,000 b/d. A few years ago, it was about 350,000 b/d.
Days’ cover: This figure is just for OECD nations, which consist of 34 key countries with market economics. Days’ cover is a statistic published by the International Energy Agency — an arm of the OECD — noting how many days of inventories would cover consumption if supply dropped to zero. In the second quarter of this year, days’ cover held by industry stood at 59 days, which is at the high end of recent estimates………………………………………..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