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Oil and Gas Discussion BB
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OPEC oil production at three year high* OPEC is NOT coming apart at the seams and they are pumping at a three year high adding close to 1.5 mmbpd since the end of November. * with further capacity that could come on line from Iraq and Saudi Arabia it is NOT (imo) a time to be a buyer of oil cos shares. * oil supplies are not coming down and the oil glut is not being narrowed enough to matter at present and into the short term future imo. But again the coming months will tell us all what is real and what is fantasy.
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Msg # | Subject | Author | Recs | Date Posted |
32349 | Re: OPEC oil production at three year high | marpincan | 3 | 7/1/2015 8:28:51 AM |
32353 | Re: OPEC oil production at three year high | coolreit | 17 | 7/1/2015 10:46:18 AM |