Sat, Aug 29, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Market Pulse, Oil, Price Watch, Regulatory more

Expectations of two million barrel OPEC oil cut grow ahead of meeting

Posted on 17 December 2008

From Canadianbusiness.com: Expectations that OPEC will slash oil production by as much as two million barrels a day firmed on Tuesday after Saudi Arabia suggested a reduction of that magnitude is likely.

Such a cut, while not unprecedented, would be considerable given that OPEC has already taken that much oil off the market since September in an attempt to stem crude’s slide….. Full Article: Source


 Article link

This post was written by:

VRS - who has written 42123 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
August 2015
S M T W T F S
« Jul    
 1
2345678
9101112131415
16171819202122
23242526272829
3031