Global Oil Supply More Fragile Than You Think

Global Oil Supply More Fragile Than You Think

August 6, 2015
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By hellenicshippingnews Many oil companies had trimmed their budgets heading into 2015 to deal with lower oil prices. But the rebound in April and May to $60 per barrel from the mid-$40s suggested that the severe drop was merely temporary. But the collapse of prices in July – owing to the Iran nuclear deal, an ongoing production … Read full story ›

Source:: Hellenic shipping news Oil