GREY:TBTEF - Post by User
Post by
Godisgreaton Sep 15, 2016 7:46pm
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Post# 25242864
Oil Price
Oil PriceTBE is under Receivership and Reciever will take his due time for the process. Why you guys wasteing your time and energy on this issue. ""Who said what and what is who" etcccc. Let us discusse oil price which is related with all oil stocks even who knows If oil price bump up we may get some out of TBE.
In my views there are high chances in next OPEC and Non OPEC meeting this month. they will agree on some oil production cuts. Otherwise There would be official statement to freeze the production I will say all countries are already on the peak production level except Lybia, Nigiria and Iran's oil production is stagnant for last 3-4 monthes equvalent to pre sanction level. So they are already in freeze mode. But to stablize oil price they shoud go for some cuts.
Now all countries including Iran and Iraq are willing to stablize oil market. In my views by end or this year oil should be around 50-55. What are others have in their mind to express.