OPEC supply still opaque despite more data - Petro-Logistics

by - 9:56 am

OPEC's first supply cut deal in eight years came as good news for a Swiss family business founded by an economics analyst who once helped the then Rhodesian government procure oil supplies in the face of sanctions. 
                            Geneva-based Petro-Logistics earns money from the lack of timely and complete information from OPEC members and other oil exporters like Russia in the 95 million barrels-per-day global market, by tracking shipments to estimate production and supply. 

                                                         The Organization of the Petroleum Exporting Countries is planning to cut its output by 1.2 million bpd from Jan. 1, its first such deal since 2008. Russia and other non-members are planning to cut about half as much.

 

 Get us on http://www.ripplesadvisory.com/services.phpclick here, more and for Two days Free Trial drop your missed call on -9303093093.

The deal will heighten interest in assessments of OPEC production, to see the extent to which it makes good on the cutbacks. As well as Petro-Logistics, other consultants, government bodies and news services estimate OPEC output.  Oil prices jumped to $57.89 a barrel, their highest since July 2015, on Dec. 12, supported by the prospect of lower supply. Estimates of OPEC and Russian compliance in 2017 will likely lead to more price volatility.

Share
Tweet
Pin
Share
Tags : , , , ,

You May Also Like

0 comments

Note: only a member of this blog may post a comment.