Skip to content
View in the app

A better way to browse. Learn more.

Thailand News and Discussion Forum | ASEANNOW

A full-screen app on your home screen with push notifications, badges and more.

To install this app on iOS and iPadOS
  1. Tap the Share icon in Safari
  2. Scroll the menu and tap Add to Home Screen.
  3. Tap Add in the top-right corner.
To install this app on Android
  1. Tap the 3-dot menu (⋮) in the top-right corner of the browser.
  2. Tap Add to Home screen or Install app.
  3. Confirm by tapping Install.

PIRA Energy Expects Oil Surplus to Be Gone by Second Half of 2017

Featured Replies

NEW YORK, Oct 5 (Reuters) - The surplus in crude oil supply that has led to a two-year price rout has been eroding since the second quarter and will be "gone" by the beginning of the second half of 2017, PIRA Energy Group founder Gary Ross told reporters on Wednesday.

A massive glut in oil brought crude prices crashing from the $100 a barrel range in mid-2014 to as low as about $27 early this year.

Organization of Petroleum Exporting Countries last week agreed to modest oil output cuts in the first such deal since 2008, limiting production to a range of 32.5 million-33.0 million barrels per day.

http://www.downstreamtoday.com/news/article.aspx?a_id=53785

Massive = 1 million bbls/day

Modest = 0.5 million bbls/day

 

Poor journalism......

Create an account or sign in to comment

Recently Browsing 0

  • No registered users viewing this page.

Account

Navigation

Search

Search

Configure browser push notifications

Chrome (Android)
  1. Tap the lock icon next to the address bar.
  2. Tap Permissions → Notifications.
  3. Adjust your preference.
Chrome (Desktop)
  1. Click the padlock icon in the address bar.
  2. Select Site settings.
  3. Find Notifications and adjust your preference.