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Commodities Briefing - Categorized | Oil, Price Watch more

Price of OPEC members’ oil falls in 2013

Posted on 17 January 2014

The price that some of the world’s biggest oil producers charge for their oil fell last year for the first time since 2010, the Organization of the Petroleum Exporting Countries said Thursday.
Surging production in the U.S. as a result of the country’s shale-oil bonanza combined with sluggish growth in global demand to help ease oil prices last year. The decline came despite political upheaval in several Middle Eastern and North African countries that threatened the stability ofsupplies………………………………………..Full Article: Source


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