Oil Prices

[lilvestor]

OPEC already losing market shares... if they cut production somemore, eventually US shale oil will dominate, achieve cost efficiency and effectiveness due to economy of scale and scope! then they become almost infallible.

OPEC will have to hold off US Shale Oil with increased production and low prices, aramco MEGA IPO will fund this counter-attack...

low oil prices are here to stay! (abit war situations if that happens, China/Russian.NK Vs USA!

watch show now! :O

OPEC cannot cut production to stabilise the market, they are selling into the market, like everyone else. 

Besides, most of OPEC aren't even cutting production, Libya and Nigeria are expanding production, Iran is already producing nearly 4m b/d and they, like Iraq, have plans to expand production once the deal expires next year.