OGJ NEWSLETTER

OPEC disarray is threatening the oil price stability that's held most of the year. Crude futures prices fell to an 8 month low early last week after OPEC's meeting broke up Nov. 27 with the cartel agreeing to trim production just 400,000 b/d. Nymex light sweet crude for January delivery settled at $19.51/bbl Dec. 1, down 760 in 2 days. Prices fell another 60/bbl Dec. 2, marking its lowest level since closing at $19.44/bbl Mar. 31. OPEC agreed to reduce production to 24.9 million b/d

In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Home