OPEC Sees Fundamentals Steady Amid Market Turbulence
Supply and demand balances through to end-2013 remain broadly unchanged from last month, despite a surge in prices and extreme market turbulence, the latest OPEC Monthly Oil Market Report (MOMR) shows.
OPEC basket prices have bounced back up into the $110-115/B range since 15 August (with the exception of one day). But the rise was more down to “higher speculative activity,...