Capping Nigeria, Libya’s supply alone won’t save oil prices – Analysts

by | July 11, 2017 3:51 pm

Analysts at the research arm of Goldman Sachs, an investment firm based in the United States have said that OPEC supply caps would need to be supported by sustained inventory draws and US rig count decline for prices to rally above $47/bbl. The 14-member cartel are making moves to cap Nigeria and Libya’s output as rising…

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