SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Gameboy who wrote (27551)8/12/1998 5:05:00 PM
From: Snowshoe  Read Replies (1) of 95453
 
Gameboy,

U.S. Energy Info Admin (EIA) doesn't think OPEC will reach its $17/barrel target price until after 1999, even with further production quotes:

"EIA's Short TermEnergy Outlook (August Internet update) noted that recent production cuts by OPEC and others have stabilized prices in the $12-$13 per barrel range but that is far short of the OPEC target of $17 per barrel. While a cold winter, faster Asian demand recovery, or further production cuts could boost prices by about $2 per barrel, the recovery to the target was unlikely through 1999"

Source: eia.doe.gov

-Greg
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News