Elibank Vernon

The Preview Released by Elibank Vernon in Association with the Information for Energy: The Fall in the Production of the Crude Oil

Elibank Vernon, one of Asia's leading commodity brokers and a respected provider of benchmark prices and information for the commodity market, today announced that a market outlook that the company released, indicates that Saudi Arabia has heightened its effort to increase the production of the Organization of the Petroleum Exporting Countries or OPEC. This boost of production has been undertaken to cover up the losses that have been incurred due to the supply disruption in Venezuela, Libya, Canada, and Iran. Together with the falling of crude stocks in China, the loss was being covered by increasing production to check the prices of oil.