US Oil To Cover 80% Of World Output Growth, 50% of Demand – IEA

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  • #15363
    TradersCom
    Keymaster

    Heading into CERAWeek the IEA has thrown…

    [article]615[/article]

    #15364
    Assistanc3
    Participant

    US gasoline exports

    and where is it going? Mexico

    #15379
    Super Harley
    Participant

    Thank you OPEC says America

    #15447
    ThePitBoss
    Participant

    One thing about oil, and most commodities is supply chases price, the rise of US production is partly the function of price. The higher prices go,
    the higher US domestic production should climb creating an oversupplied situation. We have been here before many times. This in turn should put downward pressure on prices unless there are willing participants who counter this rising supply.

    Of course that is why the 14 OPEC members and its 10 peers outside have been holding supply which has kept oil prices firm. 2018 will be a much
    more challenging year for this group than 2017 based on these latest figures.

    #15452
    Assistanc3
    Participant

    remember when OPEC was trying to bankrupt Canadian and America oil producers because they wouldn’t be able to compete at $50 or lower for a barrel? The one thing that North American oil and mining companies do that middle east companies don’t …is always advancing technology.

    and after all this, what did Saudi Arabia get?
    they issued debt

    #15496
    TradersCom
    Keymaster

    They completely misunderstand game theory

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