Commodity Trade Mantra

Posts Tagged ‘Petroleum Products’

Support For OPEC Oil Production Cut Is Increasing

With Mexico, Russia & Saudi Arabia out of the picture, the question is: who is going to decrease their oil production? There is only one entity, and that is the U.S. shale producers. Thy won’t willingly reduce output, but due to the economics of the current oil price environment, many shale oil producers will face bankruptcy next year & as a result, will go out of business.

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