Posted On: 04/17/2016 7:01:30 PM
Post# of 2009
Re: igotgame2star #1636
Wow that is a large drop in production. Might have an effect on prices being there is such a drop in supply, to offset the disappointment of no production freeze. I thought this was interesting from the article:
I read an article recently that there are projections that prices will stabilize in second half of 2016 and the glut will be gone by 2017. I can't find the article right now but will post when I find it.
Quote:
The plunge in Kuwait’s output “is just shocking,” Edward Bell, a commodities analyst at Dubai-based bank Emirates NBD PJSC, said Sunday by phone. “That would take care of the surplus right there. In this market that is so driven by sentiment, for sure it will have an impact on price.”
I read an article recently that there are projections that prices will stabilize in second half of 2016 and the glut will be gone by 2017. I can't find the article right now but will post when I find it.
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The fault-finder will find faults even in paradise. -Henry David Thoreau
