12.08.2013 - Oil price held high by supply disruptions
This year was meant to mark a turning point for the oil market. An energy revolution that has been gathering pace in North America was expected to reduce the world’s dependence on crude oil from the Opec cartel of producers. As technological advances unlocked ever more oil from Canada’s oil sands and shale rock formations in the US, demand for oil from Saudi Arabia in particular was expected to fall, paving the way for lower prices and muted volatility...............................................Full Article: Source
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