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Oil demand
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tchekchuan
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18-Dec-2008 11:47
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Ha, so would they cut down jobs on sucking the petrol from the bottom or they will continue sucking but put it on a storage tank for future purposes ?
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iPunter
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18-Dec-2008 11:31
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Opec is probably scared of further diminishing future demand driving prices even lower... Thus cutting back production is a sound move to prevent overflowing inventory... 
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tchekchuan
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18-Dec-2008 11:24
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Hmmm... if the oil production was cut down, weren't the oil price be up due to consumer demand? Sorry that I wasn't explaining question well earlier
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duskkk
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18-Dec-2008 11:02
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Why will a decrease in oil demand lead to a rise in prices?
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singaporegal
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18-Dec-2008 11:02
Yells: "Female TA nut" |
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OPEC plans to cut oil production by 2.2 million barrels a day. The oil cartels are trying to reduce supply so as to increase the price back to US$70 levels. But even after the annoucement was made, oil still trading at US$40. SPC may just rise again.... but it all really depends on consumer demand. If industries continue to cut production, I don't think oil price will significantly increase. |
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tchekchuan
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18-Dec-2008 09:38
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Will it cause the petrol price to rise again because of the decrease for oil demand? Can we invest on SPC share? | ||||
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