Strictly: Drilling and oil-field services Message Board

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Gameboy who wrote (30578)	10/10/1998 1:16:00 PM
From: Paul Angell	Read Replies (1) of 95453

Gameboy, The anomaly in IEA figures could eventually spike the oil price up. This is the best news I have seen for a long time. <<we see that 2nd qtr total world supply was 75.0 mb/d and demand was 72.2 mb/d, which contributed to our present 'glut' (a build of 2.8 mb/d) which was even worse than the 1st qtr build of 1.1 mb/d.>> In 1996 world oil supply was 71mmbpd, and the oil price was $20 - 25. Without Asian recovery we need to see supply getting down in the 72 range and it looks very promising if OPEC cuts can be sustained. Paul.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next