After a period of slumping, energy professionals are expecting prices to increase to about $55-60 per barrel in 2017 and $60-65 per barrel in 2018, closing the decade around $70...
“Market fundamentals, in terms of supply and demand, have begun to improve” IFM Correspondent October 26, 2016: Speaking at the World Energy Congress in Istanbul, Turkey, Saudi Arabia’s Energy Minister Khalid al-Falih said that as market fundamentals improve, the current down cycle of crude prices is close to an end. Oil prices are currently hovering...