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OPEC crude oil exports 03/05/17

By | 2017-06-28T09:53:08+00:00 May 3rd, 2017|Categories: M·Graphics, Oil Graphic|Tags: , , |

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 [...]

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