Sooner or later oil prices will reach over $100 per barrel. By that time, however, many oil giants might already be uncompetitive.
Sooner or later oil prices will reach over $100 per barrel. By that time, however, many oil giants might already be uncompetitive. The ...
... Without the country that became the
seventh biggest
oil producer in 2015, the agreement loses much of its effectiveness, as production cuts would instantly be offset by growing supply from Iran.
AP / Richard Drew
Viktor Katona:
What’s Wrong With Oil Prices Analysis?
Stopping production growth at the January 11 level would mean substantial concessions to the detriment of Iran’s own interests.
Third, the United States – a major player in the market – has yet to join the agreement....
The fall in oil prices that has transpired in several stages during 2014–2015 has resulted in the emergence of a great number of analysts and experts in the energy sector, who, seeking to gain a foothold in the lists of the most daring forecasters, preached ...