Political Crossfire Forums • OPEC Declares Price War • Page 3 • Front Page News

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Political Crossfire Forums • OPEC Declares Price War • Page 3 • Front Page News

Page 3 of 3

Re: OPEC Declares Price War

Posted: Fri Dec 05, 2014 5:19 pm

by Kane

Re: OPEC Declares Price War

Posted: Mon Dec 08, 2014 1:12 am

by Kane

Re: OPEC Declares Price War

Posted: Mon Dec 08, 2014 5:32 pm

by Kane

Soooo....

http://www.bloomberg.com/news/2014-12-0 ... lling.html

Still dropping. Imports/Exports out of China far weaker than expected. Europe sucks bawls. Japan might not suck balls next quarter.

Lots of oil sloshing around in the market. Iraq just lowered it's prices on oil to asian markets - likely to reflect Saudi Arabian desires to maintain and increase market share in that region as they've effectively lost the US and North America as a whole.

Re: OPEC Declares Price War

Posted: Mon Dec 08, 2014 11:01 pm

by Kane

Finally looks like media outlets are taking notice and putting two and two together:

http://www.bloomberg.com/news/2014-12-0 ... share.html

This is it. This spreads and watch the other shoe drop. If you've got anything in oil get the f**k out.

Re: OPEC Declares Price War

Posted: Tue Dec 09, 2014 12:30 am

by Demosthenes

Re: OPEC Declares Price War

Posted: Tue Dec 09, 2014 9:29 am

by Demosthenes

http://www.thetimes.co.uk/tto/news/worl ... 291537.ece

The Saudis turn the screw

Re: OPEC Declares Price War

Posted: Thu Dec 11, 2014 3:57 pm

by Kane

http://www.bloomberg.com/energy/

http://www.bloomberg.com/news/2014-12-1 ... o-cut.html

Eat your heart out analysts. WTI is now below $60 pb.

Re: OPEC Declares Price War

Posted: Thu Dec 11, 2014 10:09 pm

by Dylan

no you're opec