Wednesday, February 21, 2018

What Inventory Level Should OPEC Target?


INO.com Traders Blog http://ift.tt/2EJB1hO

On November 30, 2016, OPEC’s press release announcing the supply target of 32.5 million barrels per day included the following reference to inventories: “The numbers underscore that the market rebalancing is underway, but the Conference stressed that OECD and non-OECD inventories still stand well above the five-year average. The Conference said it was vital that […]

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