Fri, May 22, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Oil, Trading more

North American oil supply to continue to pressure OPEC in 2014

Posted on 12 December 2013

Rising oil supply from outside OPEC, particularly North America, is set to continue to outpace growth in demand next year, the Organization of the Petroleum Exporting Countries said Tuesday, underscoring the pressure the group faces to curtail its own production.
In its monthly market report, the group of oil producers raised its forecast for non-OPEC oil supply growth this year by 15,000 barrels a day to 1.2 million barrels a day, a growth rate it expects will be sustained in 2014………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 40596 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
May 2015
S M T W T F S
« Apr    
 12
3456789
10111213141516
17181920212223
24252627282930
31