By Nesbert Ruwo Brent crude, the international benchmark for oil, now trading in the US$ 80 per barrel zone, its lowest levels since October 2010, is now in a bear market territory. The price has fallen over 35% since June 2014 on weak economic data from Europe and China, oversupply and a stronger US dollar. […]
Tag Archives: balance
How a US decision to allow oil exports could change the world's energy balance The Obama Administration has taken a bold step toward loosening the grip of tense geopolitics on oil prices, reports the Wall Street Journal (paywall), giving the first permission in four decades for the export of unrefined American oil. The decision … […]
