Tue, Sep 23, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Oil, Price Watch more

OPEC losing control of oil prices due to US fracking (Video)

Posted on 05 December 2013

Until recently, there were concerns the world would run out of oil and gas - but the development of hydraulic fracking has diminished those fears. The US is producing more oil that it imports and this is seriously denting oil-producing countries’ export earnings.
For many years, the OPEC cartel was able to manipulate prices through their grip on supply - however, many forecasts now suggest that in Europe the price of Brent crude may soon fall below $100 a barrel………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 37062 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
September 2014
S M T W T F S
« Aug    
 123456
78910111213
14151617181920
21222324252627
282930