Skip to main content

July Oil Market Report

Accepting the unreliability of early figures June is thought to have produced 86.51 mbd of oil and burnt (or otherwise consumed) 86.2 mbd.

This marginal surplus of production over demand is as expected resulting in a price reduction. Demand is probably being reduced further than the predictions as well.

Comments

Post a Comment

Popular posts from this blog

Six months for recording a court hearing - Norman Scarth

The link is in Russian about the imprisonment of Norman Scarth who is actually 85. He has a complex history including a court hearing which found that he used a chainsaw to fight off bailiffs when he was 75. [a court judgment which is disputed see comments] However, that does not justify imprisoning him for 6 months for recording a court hearing (see the link and ask google to translate it if your Russian is not up to it). It has got into the Argyll News Because he has been held such that people cannot get to him to sign paperwork an application for a writ of Habeas Corpus was made today. This has been adjourned until next week. The English judicial system is really not good at responding to major abuses of human rights by the judicial system.
57 comments
Read more