Pavel + 384 PP June 13, 2018 U.S. President Donald Trump said on Wednesday oil prices were too high and blamed OPEC, renewing his attack even as prices fell on Wednesday amid expectation that the group may relax its output cuts later this month. Oil prices have risen by around 60 percent over the last year after the Organization of the Petroleum Exporting Countries and some non-OPEC producers, including Russia, started withholding output in 2017 to reduce excess supply. Some countries have already increased production, and analysts have said the outlook for the oil market for the rest of 2018 is uncertain as OPEC countries prepare to meet June 22-23 in Vienna to discuss output. Quote Share this post Link to post Share on other sites
franco + 96 FM June 13, 2018 Of course, try destabilising the Middle East again - it works wonders on oil prices. 1 Quote Share this post Link to post Share on other sites
ThunderBlade + 231 TB June 13, 2018 U.S. standing in the world not good! Poll: Under Trump, global approval of U.S. leadership hits historical low https://www.politico.com/story/2018/01/18/trump-global-leadership-polls-344989  Quote Share this post Link to post Share on other sites
rainman + 263 June 13, 2018 OPEC's members are manipulating and raising oil prices  OPEC is mainly driven by Saudi Arabia and their mission to control the entire region.The sooner we divest from Saudi oil and Middle East dependence, the better! 1 Quote Share this post Link to post Share on other sites
franco + 96 FM June 13, 2018 And don't forget: withdraw from the Iran nuclear agreement is creating instability in the oil market. 2 Quote Share this post Link to post Share on other sites
pinto + 293 PZ June 13, 2018 Someone needs to get OPEC to quit lining their pockets so much. They purposely reduce output to drive prices up. Quote Share this post Link to post Share on other sites
Petar + 76 PP June 13, 2018 Impossible to control OPEC. You have years and years until that's economically feasible. Most of our economy runs off of heavy vehicles powered by diesel as well, there is no good alternative available yet.. Quote Share this post Link to post Share on other sites
franco + 96 FM June 13, 2018 All the more of a reason to get started investing in alternative energy now, it's a time. Quote Share this post Link to post Share on other sites
Richard Burley + 2 RB June 13, 2018 Greetings everyone!   2 Quote Share this post Link to post Share on other sites
CMOP + 227 June 13, 2018 9 minutes ago, Richard Burley said: Greetings everyone!   @Richard Burley Welcome! 1 Quote Share this post Link to post Share on other sites
gary de-vries + 2 gd June 13, 2018 https://www.smore.com/8q56j-safety-quality-env-certification Hey guys - this is my first post - so I thought I would just do a quick intro. Â Take care Gary de-Vries - Director - AsssA - call me direct - 0488585855 (I would love toy hear from you). 2 Quote Share this post Link to post Share on other sites
TIOGANG ALAIN + 2 AM June 13, 2018 Greetings to all 2 Quote Share this post Link to post Share on other sites
JAIME DIAZ + 3 June 13, 2018 Hi, I am new in the group 2 1 Quote Share this post Link to post Share on other sites
George Stein 0 GS June 13, 2018 Just joined. I run an executive search firm focused on commodities -- Commodity Talent LLC. Seeking feedback about whether it's OK to post searches we're working on. Cheers,  --George Quote Share this post Link to post Share on other sites
CND + 2 June 13, 2018 Hi there, folks! I'm new to the group. It's gonna be great collaborating with other professionals in the same industry. 1 1 Quote Share this post Link to post Share on other sites
Emile Gros + 1 EG June 13, 2018 Hi everyone just joined. 1 Quote Share this post Link to post Share on other sites
CMOP + 227 June 13, 2018 Welcome @Emile Gros @CND @George Stein @JAIME DIAZ @TIOGANG ALAIN @gary de-vries @Richard Burley! I encourage you to post your second comment and introduce yourselves the thread below! Great to have you all on board! Look forward to discussions!  Quote Share this post Link to post Share on other sites
raymondroy + 2 RT June 13, 2018 Prices will go up in the long run simply because oil and gas is a non-renewable energy source and as we keep consuming it, it gets depleted. Nevertheless, in the short run there will always be ups and downs due to current economic factors with demand and supply being the most important ones. US has also shown no stops in its shale production and this excess supply keeps filling up gaps from the lower production from some opec countries. 1 Quote Share this post Link to post Share on other sites
MarkVidler + 2 MV June 13, 2018 It's simply cyclical. Look at the trends over the past 40 years at least. Long term demand for hydrocarbons goes up despite renewables and the reduction in demand in the west due to tax and fuel efficiencies. And of course high tech industries, especially weapons manufacturers, benefit from higher sales in oil producer countries. Witness Trumps visit to Saudi Arabia last year and the resulting arms deals. 1 1 Quote Share this post Link to post Share on other sites
Vinod Kumat 0 VK June 13, 2018 Happy to join the forum! Quote Share this post Link to post Share on other sites
Fauzan Ashri + 3 FA June 13, 2018 So glad to join the forum.! Quote Share this post Link to post Share on other sites
CMOP + 227 June 13, 2018 Welcome @VINOD @Fauzan Ashri! I encourage you to post your second comment and introduce yourself within the thread below! Great to have you on board.   Quote Share this post Link to post Share on other sites
SSolomon + 1 SS June 13, 2018 I'm looking to keep abreast of the new technology out there as I'm currently trying to re-enter the industry! Hope being in this community helps. 1 Quote Share this post Link to post Share on other sites
CMOP + 227 June 13, 2018 @SSolomon Look forward to having you within the community. Quote Share this post Link to post Share on other sites
Tom Kirkman + 8,860 June 14, 2018 9 hours ago, Petar said: Impossible to control OPEC.  Quote Share this post Link to post Share on other sites
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