OPEC 9 Months Extension Why do i think that is possitive and why deeper cuts could be negative in long run?
First, i think RMP needs oil price stability and 9 months it is quite long for it to make long term plans that OPEC gave the market.
Second, deeper cuts would mean higher oil price in short term resulting in OIL SHALE produceers to bump their production even higher resulting in depressed oil prices in long run.
I hope RMP is going to use this time to enhance the bisness and make it thrive in current oil world.