000 01195nab a2200193 4500
005 20260524133837.0
008 260224s2015 xxu ing
041 _aInglés
100 1 _aPursell, David
_957312
245 0 0 _aLies, damn lies, and commodity forecasting!
260 _cfeb. 2015
270 _a19/09/2017 ; 19/09/2017
300 _a3 p. ; 41-44
500 _aGlobal oil prices have fallen more than 50% since mid-2014, Saudi Arabia is sitting on the sidelines, and global demand remains the monster in the closet. OPEC's Thanksgiving Day "commodity massacre&" set the stage for another leg down in oil prices, when the organization opted to make no change to current production targets, nor did they set plans for an extraordinary meeting in February. Essentially, OPEC said "See you in June," which gave neither support nor leadership to an increasingly oversupplied market, Fig. 1. The current oil market oversupply was driven by slowing demand growth, combined with ongoing significant supply growth, driven by the big ramp in U.S. onshore production, Fig. 2.
581 _a2
773 0 _tWorld Oil
942 _cARTICULO
_2ddc
999 _c191210
_d191210