Tag: Saudi Arabia

World Bank Ups Its 2017 Oil Price Forecast To $55

Oil
The World Bank has just upped its oil price forecast for 2017, saying it now expects average prices to be US$55 a barrel over the next year. That’s US$2 more than its...

China’s Oil Production Tanks, Foreign Oil Dependency Nightmare Intensifies

Oil
It might seem disingenuous to call any country’s foreign oil dependency a nightmare, but that’s exactly what it is. A myriad of problems stem from foreign oil dependency, ranging from a massive...

IEA releases Oil Market Report for August

World
Crude oil prices eased to around $45 per barrel in August as a global supply overhang weighed and demand growth weakened, the newly released IEA Oil Market Report (OMR) for August informs...
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