02.05.2016 - Only way is up for oil price
The oil price may have reached its floor after touching decade-low levels this year because of fears about a supply glut and a stand-off between the big producing nations, according to the world’s leading energy official. Speaking at the weekend, Fatih Birol, executive director of the International Energy Agency, said that it “may well be the case” that the decline in the oil price, which has wreaked havoc on suppliers and prompted projects worth hundreds of billions of pounds to be put on hold, could be at an end...............................................Full Article: Source
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