OPEC meets this week in Vienna, where discussions likely will be dominated by clashes over the...


OPEC meets this week in Vienna, where discussions likely will be dominated by clashes over the appointment of a new leader for the group, leaving it ill-equipped to grapple with falling demand and a surge in production from both inside and outside OPEC, which prompts some observers to expect the cost of a barrel of crude to fall sharply next year.
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Comments (2)
  • bebe.fd
    , contributor
    Comments (6) | Send Message
     
    OIL seems like cheap at this level ? ... demand on emerging markets is strong. Population growth will continue and nowadays that more people can afford a car or a motorbike. If world GDP grow as expected in 2013 and the dollar loosing some purchase power because of QE... why OIL price should continue to go down ?
    10 Dec 2012, 12:24 PM Reply Like
  • mike-australia
    , contributor
    Comments (3) | Send Message
     
    Enjoy a low oil price while it lasts. India adds about 27,000 new motor vehicles to its roads EVERY DAY. Add to that China, Africa, South America and South East Asia and you can see that we have a mad rush to consume the remainder of a finite resource at an exponentially increasing rate.
    10 Dec 2012, 01:41 PM Reply Like
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