"There is a reasonable probability oil prices hit bottom in January 2016," Wells Fargo Securities oil analyst Roger Read said. He sees oil prices rising "toward $45 a barrel" in the second half of 2016.
Date: Feb 04, 2016
Category: Business
Source: Google
OPEC sets up survival game with smaller oil producers
Several countries within OPEC such as Iran, Iraq, Nigeria and Venezuela, as well as non-OPEC states such as Russia, Canada and Norway, will end up being the real victims of lower oil prices in 2015 and beyond, Roger Read, an analyst at Wells Fargo, said Friday in a note to investors. The countries