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Rigzone Article : "OPEC price hike will be shortlived"

Jabbar in Oil (General)

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Jabbar    + 465

JN

(edited)

https://www.rigzone.com/news/opec_price_spike_will_be_shortlived-13-dec-2019-160570-article/ 

"The price spike on last Friday’s OPEC+ news will be short-lived due to continuing questions about the group’s ongoing compliance, increased supply in the marketplace and slowing demand from weaker global growth and sustainability initiatives."

" .  .  .  told Rigzone that the OPEC+ agreement’s efficacy is declining with each passing month."

“With no clear exit strategy, it seems that the group’s strategy is now headline and news driven."

" Apex Consulting Ltd, told Rigzone that the supply-demand fundamentals for 2020 “don’t look particularly promising from a higher oil price perspective”.

Edited by Jabbar

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