Biodiesel Bulletin

Biodiesel Bulletin

 

Production Remains Strong Despite Robust Reduction in Upstream Spending

Ahead of the first quarter financial results from upstream oil companies, it is worth noting the decline experienced in upstream capital spending during the 4th quarter, as well as, where production might be heading.  Oil prices have rebounded in the latter weeks of March, as a function of recent Middle Eastern strife and a declining US dollar, but oil inventories remain robust…

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