Tue, Jan 27, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Market Moves, Oil more

Opec big hitters weather US oil discount

Posted on 04 December 2013

Opec faces a dilemma. The US shale boom is hitting the oil cartel’s revenues, even though surging US output has yet to erode its share of the global market.
For the past two years, Opec members have rejected suggestions they will have to pump less oil to make way for US production. And they have largely been vindicated. Disruptions to supplies have kept demand for their crude relatively steady and prices high………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 38982 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