The OPEC+ alliance is currently cutting by just over 7 million barrels per day in an attempt to prop up prices and reduce oversupply. OPEC kingpin Saudi Arabia has voluntarily added an additional 1 million barrels per day to those cuts.
About 8mil barrels yet to come online. Daily demand for 2026 is about 10mil more than current which would be easily met with existing nameplate capacity.
There won't be $100 barrels.
WPL@$30, page-218
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Last
$27.93 |
Change
0.230(0.83%) |
Mkt cap ! $53.03B | |||
| Open | High | Low | Value | Volume |
| $27.81 | $28.19 | $27.78 | $126.9M | 4.539M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $27.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $27.93 | 12325 | 2 |
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| Last trade - 16.10pm 03/06/2024 (20 minute delay) ? |
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Last
$27.86 |
Change
0.230 ( 1.26 %) |
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| Open | High | Low | Volume | ||
| $27.80 | $28.19 | $27.78 | 2777673 | ||
| Last updated 15.59pm 03/06/2024 ? | |||||
| WDS (ASX) Chart |