... OPEC and the like pretty much strangle supply to arrange prices if demand falls so I've no concerns there. In addition, the less developed economies are increasing their demand well above any reduction by the more 'advanced' economies; overall, a net increase. Further, global oil supplies have arguably peaked; though global warming may make access under arctic/antarctic ice a wee bit easier!
Micro issues may drive a few dollars/barrel either way, but the macro trend of increased demand and restricted supply only has one outcome.
demand for oil, page-2
Add NDO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
77.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $176.7M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 650 | 78.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.5¢ | 6000 | 1 |
View Market Depth
| Last trade - 16.12pm 15/11/2024 (20 minute delay) ? |
| NDO (ASX) Chart |
Day chart unavailable