The oil price is falling because of reduced demand, increased supply in US because of shale oil production (US supply is now 9mmbo per day). Not self sufficient by any means, and still the Saudis are not restricting supply.
China is still growing... sure, it's growth RATE is slowing, but it is still growing oil consumption.
And there is nothing like feeding a bit of geo-political tension, especially when it's the russians under the pump. The Sauds and the US are grinding em slowly into the dirt.
Half of our investment gone, page-14
Add FAR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
52.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $48.05M | |||
| Open | High | Low | Value | Volume |
| 52.0¢ | 52.0¢ | 52.0¢ | $30.26K | 58.21K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 5629 | 52.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 53.0¢ | 10826 | 2 |
View Market Depth
| Last trade - 15.56pm 04/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |