Commodity Trade Mantra

Posts Tagged ‘OPEC Basket Price’

Why OPEC Oil Production Freeze Could Pave The Way For Actual Cuts

The purpose of the Doha agreement is to put a floor under crude oil prices—and as a first step in raising prices in the future. The freeze is a starting point, which, over time could lead to production cuts as major non-North American producers gain confidence in the intentions of their fellow producers and therefore bring forward balancing the global crude oil market.

OPEC Divorce And Self-Destruction Thanks To Saudi Oil Strategy?

Despite low oil prices, Saudi Arabia is maintaining its investment in its oil industry. The Saudi government revenue and expenditure data suggest that the Saudis must do far more than “reduce investment” in 2016: the precipitous drop in oil prices—a consequence of their new policy—has put Saudi Arabia on an unsustainable financial path.

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