Commodity Trade Mantra

Posts Tagged ‘EIA Forecasts’

When Will The Oil Prices Turn Around?

Pessimism increased about oil prices last week as second quarter earnings for U.S. E&P companies were released. Many tight oil producers announced higher production guidance for 2015. OPEC is producing more than half of the world production surplus and has the capacity to cut production by the entire amount of the surplus, but will not until its goals are achieved.

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