Iran Times

The Oil Patch

April 15, 2016

Econ 4-15-16UPPITY CURVE — The daily price of an OPEC barrel has been climbing again this last week.  The next key event will be the meeting Sunday of major OPEC states and non-OPEC oil producers to discuss a freeze on production.  This has drawn a huge amount of media attention, but few have explained why a freeze on production that is already far above demand level would be a good thing for the market

Exit mobile version