Fed's Kaplan: There is still 1 million extra barrels of oil produced daily

Discussion in 'Fundamental Analysis' started by ForexLive, May 17, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Kaplan says oil still over-produced Dallas Fed President Kaplan has talked about oil oversupply in the past and reiterated that more crude is being pumped than burned. He said there is a million bpd of extra production right now but also said that supply will fall through the remainder of the year and the market will come into balance in Q1.

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