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Commodities Briefing - Categorized | Oil, Regulatory more

Opec’s dilemma: sticky supply, slippery demand

Posted on 30 December 2008

From Livemint.com: The problem is that few believe Opec will follow through on its cuts, although the cartel claims it has already cut 1.7mbpd of the initial 2 million it pledged in September.

Saudi Arabia, the most influential member of the Organization of the Petroleum Exporting Countries (Opec), is targeting an oil price of $75 a barrel. It’s not likely to reach that goal in 2009….. Full Article: Source


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