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More Job Losses Coming To US Shale

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With the recently concluded nuclear deal between Iran and the P5+1 countries, oil prices have already started heading downward on sentiments that Iran’s crude oil supply would further contribute to the already rising global supply glut. By Gaurav Agnihotri for Oilprice.com. What to expect over the coming months. Source: [link].

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Opinion: Who Will Be Left Standing At The End Of The Oil War?

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Production cost and breakeven figures that analysts enjoy bandying can trap you in bubble of black-and-white mathematics that is a few brush-strokes shy of a full picture. OPEC governments downsize their budgets, cut social spending and put big projects on hold to lower the breakeven price. So the breakeven is elusive.