OPEC Met to Discus Oil Crisis

The current state of the global economy has evolved in such a manner that oil prices, which reached as much as 147 dollars per barrel about three months ago, have now been cut in half by decreased demand. The same level of production implies that more oil is stocked by distributors, instead o... [ read more >> ]

Oil productions plummeted with decreased demands, so as to keep prices acceptable for the large producers

Image comment: Oil productions plummeted with decreased demands, so as to keep prices acceptable for the large producers
Image credits: Wikipedia Commons

Oil productions plummeted with decreased demands, so as to keep prices acceptable for the large producers