Nov 16th, 2018
Market Imbalance Rattles the Global Oil Market
OPEC and its partners are considering reducing output by more than the 1 million barrels a day that Saudi Arabia proposed earlier this week, people familiar with the matter said. This comes after WTI crude oil went through a recent record losing streak. Bloomberg Opinion columnist Liam Denning and Phil Verleger, president of PK Verleger, speak with Bloomberg's Alix Steel about OPEC, the bear market in WTI and gasoline demand. Denning's opinions are his own. (Source: Bloomberg)
