15.07.2013 - Oil trade: Difficulties and opportunities
A typical downturn cycle for demand for OPEC oil has already started this year and is expected to intensify next year. That will bring with it not only the usual bitter quarrels between the organizationís member states on the tough issues of production discipline, but also how other producers will react to safeguard their own interest and help keep prices relatively high and stable. The recent release of the monthly reports by both OPEC and its sister organization that groups the main consumers, the International Energy Agency (IEA) paints a clear picture of tough days ahead...............................................Full Article: Source
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