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Oil overhang points to need for extended OPEC output cuts

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Oil overhang points to need for extended OPEC output cuts
10 February 2017, London — An OPEC-led production cut may well be accelerating a drawdown in global oil stocks that began last year, but implementing the reduction for just six months means the producer group will fall short of achieving its objective of rebalancing the market. The Organization of the Petroleum Exporting Countries and non-OPEC […] More »
Oil overhang points to need for extended OPEC output cuts Oil overhang points to need for extended OPEC output cuts Reviewed by Crude Oil Facilitators on 10:48 Rating: 5

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