GREY:LSTMF - Post by User
Comment by
kmappon Jan 22, 2016 8:35am
86 Views
Post# 24483354
RE:RE:Oil’s collapse has delayed $380 billion worth of investments
RE:RE:Oil’s collapse has delayed $380 billion worth of investmentsNoticed in my previous post yesterday my comments seem to have disappeared so below is simply a repost.
kmapp - (1/21/2016 9:25:34 PM)
RE:Oil’s collapse has delayed $380 billion worth of investments Some more info below supporting my belief that the turn around for oil is well under way.
As OPEC pursues its policy of gaining market share and driving down prices, most non-OPEC producers have curtailed spending to weather the prolonged downturn. Non-OPEC production in December declined sharply by nearly 650,000 bpd to 57.4 million bpd— its lowest level since September 2012, according to an International Energy Agency report published Tuesday.