Oil & Gas IQ editorial: political primacy
After production disruptions in Canada, Nigeria and the shock of Brexit and a failed Turkish coup sent crude oil shooting past the $50 per barrel mark in June, a back-pedalling in the markets saw a barrel of the Black Gold dive below the $40 again on Monday.
The involuntary spasms caused by political events took attention from the underlying causes of malady in the low price continuum. Oil production from the Organisation of Petroleum Exporting Countries (OPEC) reached its highest level in re...
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