ERH eromanga hydrocarbons limited
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  1. ciggys
    2,798 Posts.
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    20/01/09
    08:24
    Post #: 4707768
    Hey guys

    It funny how all the analyst keep saying by the middle of the year. If you read the monthly reports from IEA, IMF and OPEC they all say pretty much the same thing on oil. World oil demand will stabilize 85.9m B/D for 2009 and if OPEC live up to their commitment of oil cuts (which we are starting to see with Iran cutting production by 125,000 last month and Kuwait by almost the same amount) then supply will stabilize at around 84.6m B/D.
    Feb will be a interesting month


    Cheers
    ERH Price at posting: 20.1¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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