Opinion: Global Oil Supply More Fragile Than You Think
Green Car Congress
AUGUST 7, 2015
But the collapse of prices in July—owing to the Iran nuclear deal, an ongoing production surplus, and economic and financial concerns in Greece and China—have darkened the mood. But the rebound in April and May to $60 per barrel from the mid-$40s suggested that the severe drop was merely temporary. Today OPEC has only 1.6
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