Perhaps it’s the perfect storm for crude oil prices. Grounded planes, consumer lockdowns, and skyrocketing unemployment all add up to less need for oil. Meanwhile, with the Saudis gushing crude, supply is soaring. So yes, when you combine less demand…
Why It’s Tough for OPEC to Fight the Frackers
The OPEC nations are having a tough time deciding what oil price to target because it all depends on how U.S. shale oil producers will respond.
