Energy Quote of the Day: ‘They’re Running Out of Luck’

Breaking Energy 2014-10-09

Summary:

Saudi Arabia Oil Minister Ali al-Nuaimi Press Conference

Depending upon which side of the fence one sits, major oil supply disruptions are typically considered bad luck, but in Opec’s case, recent supply disruptions have helped balance the market and support prices. “OPEC has been lucky – 3.5 million bpd of shale production has been absorbed through disruptions. They’re running out of luck,” –

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Link:

http://feedproxy.google.com/~r/BreakingEnergy/~3/Roox1JsOa0Y/

From feeds:

Berkeley Law Library -- Reference & Research Services » Breaking Energy

Tags:

oil & gas trading global oil market global oil supply oil market oil prices oil production opec saudi arabia

Authors:

Jared Anderson

Date tagged:

10/09/2014, 16:26

Date published:

10/09/2014, 15:45