What Drives the Price of Oil? Industry Expert Alexandro Rovirosa Explains
As CEO of Roma Energy Holdings, Alexandro Rovirosa frequently manages client responses to volatile oil prices. While the law of supply and demand (low supply means high demands which in turn means higher prices More...
US tops 11.3 million barrels per day for a record high in August, becoming the ‘World’s largest oil producer’
Monthly U.S. oil production hit a record high in August, making the nation the world’s largest oil producer. New numbers from the federal Energy Information Administration show monthly production reached 11.3 More...
Global Energy: A Look Into the Future of the Shale Oil Market in North America
The shale boom had a significant impact on financial markets and thousands of US jobs were created to keep pace with demand, all of which prompted OPEC members to reduce oil prices and increase production, back More...
Recovery Prospects Expected For The Oil Industry In 2017
In November, 2016, OPEC members and Russia decided to cut a total of 1.758 million b/d, marking the largest production cut meant to speed up global oil market rebalancing. Brent crude oil prices then sharply rose. More...
Amec Foster Falls 20%, European Shares Remain Flat on Thursday
European shares remained flat on Thursday after early fluctuations. Earnings reports led to the fluctuations, with Amex Foster shares falling 20% on the day. Banking and pharmaceutical stocks helped stabilize the More...
Crude Oil Price Forecast: What to Expect by the End of the Year
Fluctuations in the price of crude oil have always affected the economic and financial status of countries around the world. High crude price has led to a positive economic outlook for oil exporters. On the other More...
