Oil prices have fallen by half since late June. Since it’s almost the end of the year, perhaps this is a good time to stop and ask why?
Articles: oil prices (126)
What do the plummeting oil prices tell us not only about our near term economic future in Canada, but the political fragility of the world's petro states?
Every square on the bingo card marked “economic debacle” has been filled in with a pen dipped in fracking fluid.
But another reason oil prices have slid so much is weakness in demand for the product, which may be related to a slowdown of overall world economic growth.
Currently lower oil prices due to a combination of increasing oil supplies and subdued demand come at a high cost to the environment and the climate.
A midweek update. The drop in oil prices continued this week as US crude stocks increased; OPEC lowered its demand forecast for next year; several OPEC countries reduced their selling prices to Asian customers; and the Saudi Oil Minster reaffirmed his intention to maintain production.
The world economy is slowing down and the authorities are fretting.
The price of a barrel of oil has been dropping steadily due to decreasing demand and a glut of oil on the market, thanks in large part to the fracking boom in the U.S.
A weekly roundup of peak oil news, including: -Oil and the Global Economy -The Middle East and North Africa -China -Russia/Ukraine
A midweek update. Oil prices continued to fall this week setting four-year lows before closing on Wednesday at $73.69 in New York and $77.75 in London.