Christopher crude prices john yesterday, but appear pretty steady today. Years crow crude, trading at around 87. 70 for barrel. Currently. Why is there not much more of a reaction to such a drastic cut in production . I think, you know, a lot of this was messaged fairly well. Earlier this week you started to hear leaks about what opec might do. And i think we got a bit more at that price then at the moment, but i still think you have a lot of micro worries right now over the market about the outlook for growth and particularly in a rising Interest Rate environment. And to be honest, thats one of the main reasons why i decision, christopher, in broad terms, explain to us, what does this cut an output mean for the World Economy . Yeah, so you know, ultimately its about a 1000000 Barrels Per Day coming out of the global supply. So that will make your supply demand balances tycer. And we do think in the end of this year that should lead to High Oil Prices and particularly next year, becaus
Energy aspects in london. Welcome to the w, christopher crude prices john yesterday, but appear pretty steady today. Years crow crude, trading at around 87. 70 for barrel. Currently. Why is there not much more of a reaction to such a drastic cut in production . I think, you know, a lot of this was messaged fairly well. Earlier this week you started to hear leaks about what opec might do. And i think them, we got a bit more at that price then at the moment, but i still think you have a lot of micro worries right now over the market about the outlook for growth and particularly in a rising Interest Rate environment. And to be honest, that is one of the main reasons why i decision, christopher, in broad terms, explain to us, what does this cut an output mean for the World Economy . Yeah, so you know, ultimately its about a 1000000 Barrels Per Day coming out of the global supply. So that will make your supply and demand balances. Tycer. And we do think in the end of this year that should l
Crude prices john yesterday, but appear pretty steady today. Years crow crude trading at around 87. 70 for barrel. Currently. Why is there not much more of a reaction to such a drastic cut in production . I think, you know, a lot of this was messaged fairly well. Earlier this week you started to hear leaks about what opec might do. And i think we got a bit more of that price then at the moment, but i still think you have a lot of micro worries right now over the market about the outlook for growth and particularly in a rising Interest Rate environment. And to be honest, that is one of the main reasons why its decision. Christopher, in broad terms, explain to us, what does this cut an output mean for the World Economy . Yeah, so you know, ultimately its about a 1000000 Barrels Per Day coming out of the global supply. So that will make your supply and demand balances. Tycer. And we do think in the end of this year that should lead to High Oil Prices and particularly the next year because
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