Just focusing on a macro factor for a moment, there's a lot of speculation right now about OPEC cutting oil supply to give oil prices a kick.
It is estimated that Saudi Arabia needs an average price of $94 Brent to balance its budget...Iran needs it at $125 to break even.
From Bloomberg a few days ago:
"Oil prices must average $99 this year for the 12 members of the Organization of Petroleum Exporting Countries to be able to balance their national budgets, said Ali Aissaoui, a senior consultant at the Arab Petroleum Investments Corp".
What say ye HC members?
Just focusing on a macro factor for a moment, there's a lot of...
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