OPEC crude oil exports 03/05/17

Home/Featured, M·Blog, Oil/OPEC crude oil exports 03/05/17

OPEC crude oil exports 03/05/17

OPEC’s efforts to balance crude oil stocks are not enough, as we approach Brent levels of 50$/b. Production cuts are countered by an ever-rising production of American output (shale oil) with 15 straight weeks of increasing rig count according to Baker Hughes. Though many OPEC members have already achieved compliance on the production-cut agreement, others see their crude oil exports rise month after month. You may access to the infographic displayed in this link.

By | 2017-05-03T17:00:02+00:00 May 3rd, 2017|Categories: Featured, M·Blog, Oil|Tags: , , |0 Comments

Leave A Comment