Sat, Aug 30, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Market Moves, Oil, Price Watch more

OPEC scrambling to keep oil prices stable (and high) as it meets Wednesday

Posted on 04 December 2013

The Organization of the Petroleum Exporting Countries meets Wednesday to weigh how best to maintain stable — but very high — crude oil prices in the face of rising U.S. shale oil production and jostling among the members of the cartel that hope to expand production in 2014.
Analysts expect OPEC to hold its production ceiling steady at 30 million barrels a day, where it has been since January 2012. But oil experts do not expect the group to resolve how much Saudi Arabia, OPEC’s main swing producer, might trim its output in the coming year to make room for potential new supplies from Iraq, Libya, West Africa, Texas, North Dakota and maybe Iran………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 36685 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