Wed, Oct 1, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Market Moves, Oil more

North American Shale Oil Boom Key Challenge At OPEC Meeting

Posted on 10 June 2014

With the North American crude oil production boom likely to be a major topic of discussion for OPEC ministers when they meet this week in Vienna, the cartel is not expected to raise production, especially because prices remain generally stable.
If prices rise from the current $100 to $110 a barrel, falling demand would be a concern. On the other hand, falling prices would approach OPEC members’ marginal cost of production. The crude oil production oil cartel, which controls about 40 percent of global oil supplies, has imposed a 30 million barrel-per-day production ceiling for all 12 members’ output for the last two years………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 37214 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031