Colin Eaton
speaker
191 appearances
3 recordings
1 series
first heard Jul 2021
last heard Apr 2022
Colin Eaton’s voice in public audio — every appearance, attributed to the second.
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Appearances
At the moment, there is dispute between OPEC nations and its allies about how much supply to bring back on.
It's possible that they bring on about half a million barrels.
barrels a day.
They've signaled that previously and that figure is fairly modest in terms of what the market can absorb right now.
We have heard that the market is healthy enough to absorb a million barrels a day.
It is possible that OPEC brings on more spare capacity in coming months and that could
tap the brakes on prices, could put a ceiling on prices.
But we have been speaking with economists and analysts who say if there is not much of a market response by OPEC, we could see oil prices and in turn gas prices go higher.
It's not exactly clear how much higher oil prices could go, but we're at $75, $76 oil in the U.S.
right now, and it could go to at least $80, according to analysts and economists.
Thanks so much, JR.
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