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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 387.98+1.3%Nov 28 4:00 PM EST

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To: TobagoJack who wrote (128119)1/17/2017 12:01:39 AM
From: Snowshoe1 Recommendation

Recommended By
Elroy Jetson

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>> China to plow $361 billion into renewable fuel by 2020 <<

Sounds good. China's oil production is falling sharply ...

China's Oil Collapse Is Unintentionally Helping OPEC

bloomberg.com

OPEC’s campaign to prop up oil prices is getting unlikely support from its biggest customer.

China’s production is forecast to fall by as much as 7 percent this year, extending a record decline in 2016, according to analysts at CLSA Ltd., Sanford C. Bernstein & Co. and Nomura Holdings Inc. That’s about the same size as the output cut agreed by Iraq, the second-biggest producer in the Organization of Petroleum Exporting Countries, which late last year reached a deal to trim supply to support prices.


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