• You will need to login or register before you can post a message. If you already have an Agriville account login by clicking the login icon on the top right corner of the page. If you are a new user you will need to Register.

Announcement

Collapse
No announcement yet.

Oil/Opec paradigm change

Collapse
X
Collapse
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Oil/Opec paradigm change

    1-use to be able to count on opec to cut and support prices,not happening

    2-global economy use to be robust with growth and demand,not happening

    3-there was no shale revolution supply

    4-NA storage 500 million plus at over 2/3rd capacity
    estimate till full june.

    -may/will come down to transportation and production costs

    -ballpark numbers 500 million barrels=50 day supply,call a shut in import deficit 1 million barrels=500 days inventory

    -could get worse before it gets better
  • Reply to this Thread
  • Return to Topic List
Working...