Opinion: Global Oil Supply More Fragile Than You Think
Green Car Congress
AUGUST 7, 2015
Oil futures for delivery in December 2020 are currently trading $8 lower than they were at the beginning of this year even while immediate spot prices are $4 higher today. It makes sense for companies to cut today, but collectively that could lead to much lower supplies in the future. That is no longer the case. Source: [link].
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