Google+ Followers

Sunday, 18 June 2017

Oil production will get harder to balance as time goes on | The National

Oil production will get harder to balance as time goes on | The National:

"Restoring balance to the oil markets appears as hard as restoring balance to the Force in Star Wars.

After the optimism of last November’s production cuts agreement, low prices are striking back. With Brent crude at a seven-month low, can Opec avoid a rebellion?

The producers’ organisation knew the route to rebalancing would be longer than a few parsecs. Its target has been to bring oil stocks in the OECD (developed) countries, currently 292 million barrels above, down to their five-year average."



'via Blog this'