This Is What Needs To Happen For Oil Prices To Stabilize
London, UK (SPX) Sep 22, 2015 - On September 10th the EIA reported a production decline in the Lower 48-essentially shale production-of 208,000 BOPD. That is a staggeringly enormous number, approximately 10 percent of the estimated global over-supply. Additionally, it was a week-over-week number which makes it all the more impressive. Yet it received little attention through the week. Rather, Goldman Sachs was grabbing all the ... more
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