A Kiwi, A Krone, And An Oil Rout

A Kiwi, A Krone, And An Oil Rout

It was relatively quiet overnight session which saw market participants continuing to focus squarely on crude, after WTI hit a 10-month low on Wednesday and Brent sunk below $45 for the first time since November. “There is just too much oil in the market,” Fereidun Fesharaki, founder and chairman of energy industry consultant FGE, told Bloomberg TV in an interview, adding that a further 700k b/d needs to be trimmed from the market to boost prices. “OPEC cannot wait. They have to cut the
Subscribe or log in to read the rest of this content.

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.