30.10.2015 - OPEC will cut production eventually
If you’re in the oil business and wondering when prices are going to go back up, you could do a lot worse than asking Ken Hersh. The founder of NGP Energy Capital Management, an Irving-based firm that manages billions of dollars in energy investments, Hersh has developed the reputation of something of a guru on the world’s oil and gas markets. And Hersh thinks sooner or later the Organization of Petroleum Exporting Countries, which represents the likes of Saudi Arabia, Kuwait and Venezuela, is going to “blink” and cut their production – reducing the global crude supply and theoretically raising prices...............................................Full Article: Source
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