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Title : "Whatver It Takes" Isn't Working -- CNN -- June 14, 207
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"Whatver It Takes" Isn't Working -- CNN -- June 14, 207

Active rigs:

$46.04	6/14/2017	06/14/2016	06/14/2015	06/14/2014	06/14/2013
Active Rigs	55	28	75	187	184

RBN Energy: an update of the gas supply-demand balance and storage.


Bad news for OPEC: that was the teaser from CNN Money this morning. Unfortunately nothing new:

OPEC has been trying for months to eliminate a glut of excess supply that has kept prices from rising. The cartel has pledged to do "whatever it takes."

But its efforts have been blunted by a massive boom in production by U.S. shale operators. The IEA said Wednesday that the trend is likely to continue into next year, with production by non-OPEC nations growing more quickly than global demand.

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