Global Oil Supply More Fragile Than You Think

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 […]

Published August 6, 2015

By LizOutLoud

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

      

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