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Do Oil Producers Have Any Price-Boosting Options Left? 5 Possible Strategies

  
By Investing.com (Ellen R. Wald, Ph.D.)Apr 15, 2020 06:35AM ET
www.investing.com/analysis/do-oil-producers-have-any-priceboosting-options-left-5-possible-strategies-200521664?comment=18084277
Do Oil Producers Have Any Price-Boosting Options Left? 5 Possible Strategies
By Investing.com (Ellen R. Wald, Ph.D.)   |  Apr 15, 2020 06:35AM ET

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BrassTacks1 Apr 15, 2020 8:47AM ET
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What is the reason for oil-producing nations not being able to cut production if this would help prices? Is it due to unemployment for those working in the oil industry? Or, is it to maintain production running at a minimum to satisfy global demand?
Ji Go
Ji Go Apr 15, 2020 8:47AM ET
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A well is a tricky thing. They can try to milk them slower, for a time, but if they fully shutdown a well, there is a high likelihood that they forfeit a substantial portion of the expected yield by doing so. This is why oil storage is bursting at the seams: no one wants to lose yield.
Alex Malmstrom
BrassTacks1 Apr 15, 2020 8:47AM ET
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Ji Go  Thank you for your reply. Much appreciated.
Filth Animal
YouFiilthAnimal Apr 15, 2020 8:47AM ET
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Ji Go Interesting. I had the same question as CoinToss1. Could ou please point out some link? I searched but found nothing satisfactory on the subject.
Taimoor Khan
Taimoor Khan Apr 15, 2020 8:47AM ET
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I will like the link to your comment as well Ji Go.
Do Deikins
DoRight Apr 15, 2020 8:47AM ET
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Filth Animal Get a book on reservoir management.
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