Saudi Russia Fight For China Market Make Oil Price A Sham

By hellenicshippingnews Oil closing in on $50 per barrel has little to do with supply. Sure, stocks have dwindled somewhat in the U.S. and China is slowing down but what about the fact that three of the world's biggest oil producers are in a pumping war to capture market share in China and Europe? Russia […]

Published May 3, 2016

By LizOutLoud

By hellenicshippingnews Oil closing in on $50 per barrel has little to do with supply. Sure, stocks have dwindled somewhat in the U.S. and China is slowing down but what about the fact that three of the world's biggest oil producers are in a pumping war to capture market share in China and Europe? Russia seems to ... Read full story ›

Source:: Hellenic shipping news Oil

      

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