Oil market is close to balance

According to the organization of oil-producing countries (OPEC), the cuts in the global production of "black gold" are finally working the expected effect. That's because stocks are dropping. It seems that the global offer is finally finding its balance.

The next cartel meeting is scheduled to happen at the end of November on the 30th. At the time, the countries will set out further extending the production cuts agreement, previously extended to March 2018.

Continue to accompany the Offshore Panorama and keep informed about everything that happens in the oil, gas, energy, pre-salt, fuels, petrol, Petrobras and Offshore sectors. Remember, your business passes through here! Check out: www.panoramaoffshore.com.br and Www.facebook.com/panoramaoffshore


7 thoughts on “Oil market is close to balance

Leave a Reply