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OPEC to lose market share in 2014 as rivals pump more
Wed, Jul 10 06:51 AM EDT
LONDON, July 10 (Reuters) - OPEC's share of the world market willshrink in 2014 as rising supply of U.S. shale oil gives the exporter group little comfort from the fastest growth in world demand in four years.
The Organization of the Petroleum Exporting Countries forecast in a monthly report that demand for its oil in 2014 would average29.61 million barrels per day (bpd), down 250,000 bpd from 2013, as an increase in supply outside the group outstrips an expansion in world demand.
The report points to a looming supply surplus next year should it keep pumping oil at present levels. The 12-member group has a target to produce 30 million bpd and in June, it produced 380,000bpd more than the target.
"This would imply a further build in global crude inventories, which currently stand at high levels," OPEC said in reference to the market outlook for next year. (Reporting by Alex Lawler; editing by Jason Neely).

fkaz:

http://www.reuters.com/article/2013/07/10/opec-oil-idUSL9N0BW00O20130710?feedType=RSS&feedName=rbssEnergyNews&rpc=43

Akinmail: Well nigeria is currently dependent on oil but if oil prices fall nigeria will still survive. Why? Nigerians are go getters we'd get another means of survival. It's just our nature. Btw sigapore has little mineral resources and they are not dead.
www.akinmail..com

chidindufrank: We in Biafra don't depend on oil. We have so many things to tap from. Fuckkk oil

yuzedo: RESPITE?

nijanigga:

Another akuya, like you're surviving now. smiling and suffering.

Akinmail:

Hey dude what does 'akuya' means i am certainly not that okay FOR GOD'S SAKE Nigeria is one of the richest places on earth in terms of mineral resources, we have lush vegetation, arable land and good weather. I rest my case
www.akinmail..com

oluwatunmishe: expantiate on dis plss

Akinmail:

Hey dude what does 'akuya' means i am certainly not that okay FOR GOD'S SAKE Nigeria is one of the richest places on earth in terms of mineral resources, we have lush vegetation, arable land and good weather. I rest my case
www.akinmail..com

chidindufrank: We in Biafra don't depend on oil. We have so many things to tap from. Fuckkk oil

Akinmail: Well nigeria is currently dependent on oil but if oil prices fall nigeria will still survive. Why? Nigerians are go getters we'd get another means of survival. It's just our nature. Btw sigapore has little mineral resources and they are not dead.
www.akinmail..com

SLIDE waxie: as if we don't knw fuckin arrogant set of muds called people!!!

When the whole world knws dt that is the only thing that drives violence into ur brain
Just try to say 'oil' in the east and u will hear them tell u, 'it is awa oyel' all the rest of the regions are parasites.

Dude, this same arrogance and self-deciet that pushes ojukwu to gather u go massacre indirectly, which made ur forefathers follow him enter abattoir, and which is making jonathan and you his blind supporters believe that the rest of the region dnt matter in elections, is the samething that is making u make that useless statement that u dnt depend on oil!!!

What else do u depend on? Red soil or sliding tackle?

Akinmail: Well nigeria is currently dependent on oil but if oil prices fall nigeria will still survive. Why? Nigerians are go getters we'd get another means of survival. It's just our nature. Btw sigapore has little mineral resources and they are not dead.
www.akinmail..com

Tinyemeka:
Is that all?

Akinmail: Well nigeria is currently dependent on oil but if oil prices fall nigeria will still survive. Why? Nigerians are go getters we'd get another means of survival. It's just our nature. Btw sigapore has little mineral resources and they are not dead.
www.akinmail..com

chidindufrank: We in Biafra don't depend on oil. We have so many things to tap from. Fuckkk oil