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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (17144)	4/12/2016 8:16:33 PM
From: Goose94	Read Replies (1) \| Respond to of 202924

Crude Oil: Can Doha produce a result? Heading into the meeting, there are not high hopes for a significant result, with most participants at or near a peak in production. At the same time, several key members are not exactly sitting idle. Kuwait Oil Company could soon offer offshore drilling contracts to drill in the Persian Gulf, according to Bloomberg. Kuwait is hoping to boost output from 3 million barrels per day to 3.165 mb/d by late 2016 or at some point in 2017. Also, the rig count in Saudi Arabia, Kuwait, and the UAE is at its highest level in decades. Saudi Arabia’s Shaybah field could add 250,000 barrels per day in production by June. This raises questions about how all the parties involved in the Doha meeting will reach an agreement on a freeze.