Another Oil Boom in 2017?

Another Oil Boom in 2017?

Indications have emerged that a U.S oil boom will be achieved in 2017 despite the setbacks it suffered in recent years. For the last seven months, there was a downturn in U.S oil production. And for the very first time in two years, oil production dropped below the...
SHARP RISE IN OIL PRICES INEVITABLE

SHARP RISE IN OIL PRICES INEVITABLE

The International Energy Agency has warned that unless the exploration firms embark on new upstream projects, there will be a drop in OPEC’s spare capacity resulting in a sharp rise in oil prices. A recent report from the International Energy Agency has stated that...