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Does Anyone Actually Want Higher Oil Prices?

stander
stander
in Oil, Gas and Energy News

Featured Replies

It’s hardly a surprise that the oil producing nations failed to reach an agreement to boost oil prices at the weekend. For starters, they were talking about the wrong thing.


All that was on the table was a freeze in production. That doesn’t count for much when Saudi Arabia is pumping out vast quantities of oil already. They needed to consider big cuts, not just a freeze, if they were determined to reflate the oil price.


http://www.offshorepost.com/analysis/anyone-actually-want-higher-oil-prices/?utm_source=Offshore+Post&utm_campaign=d37f666fd7-Declan+Tuesday+19+April+2016&utm_medium=email&utm_term=0_d0509d2a93-d37f666fd7-268412977


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