Quote Originally Posted by jamescollister
her costs vary, offshore etc. Could OPEC be selling cheap, to put a stop to others producing or investing.
Actually OPEC is dumping oil trying to force the price down to push the US Fracking and shale industry out of profitable sales vs production levels. Same old story of oil tankers floating all over the globe full to the max keeping a false price level on crude when the reality is the world is awash in crude.

As for China and fake data. You can rely on that for now and all future China claims. I'm saying it again, don't buy China in any way, shape or form. The China bubble is going to burst, so don't be part of the fools investing in them.