A recent strategy report by OPEC recognizes that low current oil prices near $50 will not squeeze out US shale oil production. Frackers have taken the challenge of a competitive market and won. Full Article...
While oil prices plunged from $107 to $45 in a just a few months, the descent is not over despite a recent bounce above $60. Today we analyze 6 global trends which will erode oil prices further in the coming weeks.
As oil prices swing wildly on either side of $50 per barrel, Warren Buffett's adage to "be greedy when others are fearful" illustrates pertinently how a few oil companies are seizing new opportunities.
You too can put the oil price dashboard on your web site, Blogger page or blog. The dashboard displays the price of crude oil in real time. You only need to copy and paste the following code on your page and to follow our regulation below.
Code for Crude Oil Dashboard:
Dashboard Use Regulation
Please no inappropriate content. Use code no more than once per web page. Please redistribute code unchanged.