Gas News

by admin on February 16, 2016

Hope your week is going well. We’ve had snow for nine days or so in a row… so I surrender! The OPEC countries have decided they are going to slow down production in order to cause an increase in prices. Details can be found here http://www.bbc.com/news/business-35564492?ocid=socialflow_facebook

I don’t think we need to worry too much though. Iran is part of OPEC – they just want to get as much money as they can since they recently had an end to sanctions. It aims to raise crude production and exports to one million barrels a day. Just my opinion but I don’t see them wanting to slow down for the next year or so anyway.

Enjoy your week!

Be Sociable, Share!

Leave a Comment

Previous post:

Next post: