Oil & Gas Market Update - Podcast 6-23-2018
Posted: Sat Jun 23, 2018 6:21 pm
Here is the link to my weekly Oil & Gas Market Update podcast. https://youtu.be/lpzu63SZDbY
OPEC can only increase oil production by 600,000 barrels per day. Russia will add another 400,000 BOPD, but that is not enough to stabilize global supply/demand. OECD oil inventories will continue to fall through this summer, which is why oil prices spiked on Friday.
OPEC can only increase oil production by 600,000 barrels per day. Russia will add another 400,000 BOPD, but that is not enough to stabilize global supply/demand. OECD oil inventories will continue to fall through this summer, which is why oil prices spiked on Friday.