A deal of this magnitude requires security for all participants that their cutswill be honored with reciprocal cuts from other nations, said Daniel Holder, commodity analyst at Schneider Electric. Saudi Arabia is providing this security.
Date: Dec 12, 2016
Category: Business
Source: Google
Oil drops to more-than-1-month low, set for weekly loss
Expectations are rising for Nigerian and Libyan oil exports to increase after geopolitical tensions have crippled the [Organization of the Petroleum Exporting Countries] exports, said Daniel Holder, commodity analyst at Schneider Electric. This additional supply is sending the crude complex lowe