GREY:TBTEF - Post by User
Comment by
PeterWrighton Sep 30, 2015 4:33pm
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Post# 24150775
RE:RE:RE:RE:US production falls 40,000 BOD, now at 9,096,000
RE:RE:RE:RE:US production falls 40,000 BOD, now at 9,096,000OPEC is very capable of increasing production. When Iranian production adds a million barrells a day in 2016, Saudi increases etc...We still haven't dented oil in storage with oil under $45 for months. As WTI prices increase demand will slow, drilling will increase. There will be a lot of resistance going forward. Be patient this will be a slow climb.