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Items Tagged with 'oil industry'

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Oil geo-politics enter latest era

Development in US will continue, out-stripping OPEC and compensating for other falling production
US oil production driven by fracking technology is adding to a glut of supply that tipped prices into a downward spiral starting last June, conclude recent reports from the International Energy Agency (IEA) and others.
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Oil price halved June to December last year

Even as the Great Recession was unfolding in 2008, the seeds for a second-half 2014 collapse in oil prices were being sown. Oil industry boom-and-bust is more than just a cliché, it’s both cause and effect of bad decision making.
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