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Too Much Oil Supply? Raise The Price!
Views: 778
Mar 27 2017 12:55 PM | eds in Non-Renewable
Major oil producers are considering extending their recent cuts to output,
. . . in a fresh bid to boost prices.
Opec countries, and
. . . 11 other oil-producing nations, including Russia,
. . . agreed in December 2016 to slash production,
. . . the first time in 15 years that a global pact had been struck.
The price of Brent crude peaked at over
. . . $57 a barrel in January, before slipping back to below
. . . $51 a barrel in recent weeks,
. . . US oil producers (who are not part of the cuts)
. . . started to increase production again.
3-27-2017 Source: Too Much Oil Supply? Raise the Price!
. . . in a fresh bid to boost prices.
Opec countries, and
. . . 11 other oil-producing nations, including Russia,
. . . agreed in December 2016 to slash production,
. . . the first time in 15 years that a global pact had been struck.
The price of Brent crude peaked at over
. . . $57 a barrel in January, before slipping back to below
. . . $51 a barrel in recent weeks,
. . . US oil producers (who are not part of the cuts)
. . . started to increase production again.
3-27-2017 Source: Too Much Oil Supply? Raise the Price!
