: :inin Kyiv (EET)

Happy holidays from the Saudis and shale oil


While Americans were enjoying their thanksgiving feast this year, they received an extra blessing from two sources: the shale (cheaper) oil revolution and Saudi Arabia. Due to pressure from a surge of shale oil supply coupled with weaker global demand for energy, oil prices had, by the week before Thanksgiving, dropped about 30 percent from $110 a barrel last summer to $78 a barrel. Thanksgiving coincided with OPEC’s price setting meeting at which the Saudi refusal to cut production (restrict supply to boost the price of oil) has so far cut the price by another $8-$10 a barrel.Be gratefulOf course …read more

Source: American Enterprise Institute for Public Policy Research

World press about Ukraine

The category “World Press” is created to observe information about Ukraine in the world media. More information about “World Press” category you can read here

World press category: terms & conditions

Submit a Comment

Your email address will not be published. Required fields are marked *

Pin It on Pinterest

Share This

Share this post with your friends!