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Re: zsvq1p post# 620

Tuesday, 11/07/2017 4:35:03 AM

Tuesday, November 07, 2017 4:35:03 AM

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OPEC has been cutting production into a (ex OPEC, ex U.S.) world that’s not producing (i.e. there’s negative production growth). Given the scars of last year’s oil price bust, oil producers haven’t been spending on new production.


https://www.forbes.com/sites/bryanrich/2017/11/06/expert-oil-investors-say-risk-of-triple-digit-oil-prices/#7d9612737554
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