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Oilcast: OPEC fight back as Rita causes havoc for oil industry

From: A Porter
Length: 15:49

This week's news on the oil industry Read the full description.

Default-piece-image-1 This week Oilcast takes a look at the way Hurricane Rita could affect the oil industry. Will the consequences be as serious as predicted? Or will good luck prevail and a sell-off ensue? Also from the OPEC meeting in Vienna we hear Kuwait's oil minister Al-Salah ridicule British chancellor Gordon Brown, plus news on non-OPEC output that makes worrying reading. If OPEC are producing at maximum and production is falling in the UK, Norway and the USA plus stalling growth in Russia, what will this do to oil prices?

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Piece Description

This week Oilcast takes a look at the way Hurricane Rita could affect the oil industry. Will the consequences be as serious as predicted? Or will good luck prevail and a sell-off ensue? Also from the OPEC meeting in Vienna we hear Kuwait's oil minister Al-Salah ridicule British chancellor Gordon Brown, plus news on non-OPEC output that makes worrying reading. If OPEC are producing at maximum and production is falling in the UK, Norway and the USA plus stalling growth in Russia, what will this do to oil prices?

Transcript

Its September 23rd, my name is Adam Porter, energise your outlook and welcome to oilcast…

Music

As the effects of Katrina start to become apparent the entire oil business is now wracked with fear over what may happen with the latest cat 5 hurricane, Rita. Due to hit land early Saturday morning somewhere between Corpus Christi and Houston, we’re going to take a good hard look at what this may mean for the oil industry. We are also going to keep an eye on those stories that have missed the media headlines clouded over by Rita…and we’ll also be seeing what OPEC’s latest quarterly meeting brought us…remember if you want to get in touch just mail us at oilcast@gmail.com we’re always happy to hear what you have to say…

But first some news…

Sting

Firstly apologies if you had some volume problems with the last Oilcast. It was the first one we made on the road and we had a mild enc...
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http://www.oilcast.com