Oil Price Would Stabilize WithoutProduction Cuts, Says CGES
The market remains uncertain aboutOPEC output cuts, since non-OPEC producers have yet to come up with their own reductiontotaling 500,000 b/d, according to London-based Centre for Global EnergyStudies (CGES). In its latest Monthly Oil Report, published on 17December, CGES argues that with no production cuts in January, the oil pricewould stabilize at around $18/B for Brent, which would be...
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