OPEC adds it voice to the IEA's from earlier, stating the oil market is well-supplied, and only...


OPEC adds it voice to the IEA's from earlier, stating the oil market is well-supplied, and only the perception of danger of a shortage due to Iran tensions is keeping the price high (no mention of Western central banks?). The group says its March output rose 136K bpd to 31.3M bpd, 1.3M bpd greater than the planet's need.

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  • bbro
    , contributor
    Comments (11223) | Send Message
     
    Cost of total gasoline usage year over year is DOWN 1.7%....at the peak in July 2008 it was up year over year 34%...
    12 Apr 2012, 07:08 AM Reply Like
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