Thu, Mar 5, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Oil, Price Watch more

Oil production tumbles faster than expected

Posted on 26 January 2009

From FT: Global oil production is falling faster than market expectations as production cuts by Opec members coincide with a sharp slide in supplies from some producers outside the cartel, raising the prospect of a price rise.

In spite of the drop in supplies, oil prices remain stuck in the mid-$40 a barrel range depressed by weak consumption and worries about the economic crisis. However, traders in the physical oil market said supplies were now beginning to drop into balance with falling demand….. Full Article: Source


 Article link

This post was written by:

VRS - who has written 39513 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
March 2015
S M T W T F S
« Feb    
1234567
891011121314
15161718192021
22232425262728
293031