CRASH IN OIL CRUDE PRICES

Submitted by christian on Wed, 01/20/2016 - 14:53

The outlook for oil prices remains very gloomy. OPEC will keep its output at 32 million b/d for the time being and Iran is expected to be increasing its exports in the next few months. Some are now saying that it will take two years to eliminate the excess crude stockpiles after supply and demand are brought back into balance.