21.12.2011 - Comfort for consumers in latest OPEC oil data
Consumers concerned about whether OPEC will supply the oil market with everything it needs in 2012 can take comfort from new data showing that core members of the group largely fulfilled promises to offset the loss of Libyan exports earlier this year. Although some analysts have questioned whether OPEC’s new 30 million barrel a day production cap could overly tighten the market in the short term, the new figures suggest consumers can have some faith in Saudi Arabian assurances that oil markets will be adequately supplied next year...............................................Full Article: Source
Print