http://www.bloomberg.com/news/articl...ec-output-plan Oil Falls as Iraq Seeks Exemption From OPEC Cuts, U.S. Adds Rigs
http://www.reuters.com/article/us-petrobra...SKBN13R1GQ?il=0 Petrobras CEO says U.S. shale response to OPEC deal may cut oil prices
Is there any other reason for falling of oil prices other than U.S Shale activitiy? http://ww2.cfo.com/the-economy/2017/...it-new-record/
Originally Posted by MARKETWINNER Is there any other reason for falling of oil prices other than U.S Shale activitiy? http://ww2.cfo.com/the-economy/2017/...it-new-record/ Oversupply seems to be the answer. http://www.vox.com/2016/1/12/1075575...prices-falling
Originally Posted by BullishBear Oversupply seems to be the answer. http://www.vox.com/2016/1/12/1075575...prices-falling the article you refer to is written in February 2016 ... well, I guess it still might have some historic value If you prefer some more up to date news ... try e.g.: https://www.iea.org/oilmarketreport/omrpublic/
---- "Prediction is very difficult, especially about the future" (Niels Bohr)
Thanks Bulllishbear & Blackpeter for the links.
http://www.reuters.com/article/us-gl...-idUSKBN17N04E
http://www.zerohedge.com/news/2017-0...c-deal-failure
https://www.bloomberg.com/news/artic...ands-11th-week Oil's OPEC-Driven Gain Wiped Out as Shale Boom Offsets Cuts
https://www.bloomberg.com/news/artic...hortfall-ahead older post but very interesting where we will be in 10yrs time
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
Forum Rules
Bookmarks