The One Indicator OPEC Must Watch
"The intent is not overnight to open the taps and flood the market."
By Oilprice.com -- Nick Cunningham—— Bio and Archives--December 7, 2017
Global Warming-Energy-Environment | Comments | Back To Full Article
"We will not let go of our current approach until we reach a balanced market," Saudi oil minister Khalid al-Falih said Monday at a news conference in Riyadh.
OPEC ended months of speculation last week when it decided to extend its production cuts through the end of 2018, easing concerns that the limits would be lifted before the oil market was ready. But while it put some uncertainty to rest, the next question is what OPEC does when the oil market becomes "balanced"? What is the exit strategy?Welcome to CFP’s Comment Section!
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