Author: samlam

Who will drive the oil price up? [Copy link] 中文

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seneca Post time: 2016-5-4 03:00
Yes, do you want to count the pigeons? WHyat else is there to see on Chinese roofs???

Solar panels, lots of them.

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OPEC

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dusty1 Post time: 2016-5-4 13:04
OPEC

Yes. It is OPEC that controls the price.

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samlam Post time: 2016-5-4 07:46
Yes. It is OPEC that controls the price.

Russia, Norway, China, USA, Brazil, Mexico and Canada are not members of OPEC.

The only OPEC country that really can affect the oil price is Saudi-Arabia. At the same time Saudi Aramco's oil producing price is the lowest, so they can still make money when others are losing.

Saudi-Arabia is facing problems financing its lavish public spending and I don't see how they could lower their oil production.

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samlam Post time: 2016-5-4 13:46
Yes. It is OPEC that controls the price.

It's the main orginasion for petroleum pricing

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mixamixa Post time: 2016-5-4 14:04
Russia, Norway, China, USA, Brazil, Mexico and Canada are not members of OPEC.

The only OPEC coun ...

You need to keep up as to why crude oil is in over production

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