Wednesday 14 January 2015

NO END IN SIGHT TO SLIDING CRUDE OIL PRICES

offshore-platform--There seems to be no end to the current fall in crude oil prices, as experts are predicting a glooming future for the essential commodity of oil producing countries.

Organsiation of Petroleum Exporting Countries (OPEC), which pumps about 40 per cent of the world’s oil, has stressed several times in the past that it won’t curb output to halt the slump in prices. The group decided to maintain its collective quota at 30 million barrels a day. 

Read more @ The Guardian 

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