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33.3% 0.2¢ 88 energy limited

Ann: Final Drilling Update, page-29

  1. sleuthtoo
    475 Posts.
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    29/12/15
    13:29
    Post #: 16695225
    Agreed, the Saudis have to cut back on production and soon. The latest IEA OMR has forecast demand of 96.5 mbd in 2016Q3. World oil supply was 96.9 mbd in Nov 2015.
    https://www.iea.org/oilmarketreport/omrpublic/

    I'd say that OPEC should cut by 1 mbd by end of March 2016.
    88E Price at posting: 0.9¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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