The US shale boom and OPEC’s refusal to cut production has pushed oil to $56 a barrel on Wednesday. It is going to become the biggest annual decline since 2008. Pressured by weakening demand and so also a supply glut has all caused the rapid decline in oil prices. Oil stood at $56 a barrel […]
Falling Oil Prices Could Be One Of The Reasons for Cuba’s Pivot To The U.S
After 53 years of rancor and mistrust, Cuba and the US are renewing diplomatic relations. Among the many factors which might have motivated the warring partners to call off their animosity could be oil. Experts contend that one of the most productive oil and gas basins on the planet sits just off the North-West coast […]
