OPEC out with their latest monthly report 13 June 2016
At last, a post without mentioning Brexit. Damn, I just have! Lol
- excess supply to ease
- unplanned outages in Canada and Nigeria have brought supply and demand more closely into alignment earlier than many expected
- leaves 2016 global oil demand growth forecast unchanged at 1.2m bpd
- citing secondary sources says group's crude output fell by 100k bpd to 32.26m bpd in May led by Nigeria
Full report here
Oil prices remaining underpinned in the dips. Brent currently 50.03 after 49.80 lows.WTI 48.46 from 48.21
