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Oil Production Is at Record Levels. So Why Are Oil Prices Heading Higher? - Foreign Policy
Foreign Policy | Oil Production Is at Record Levels. So Why Are Oil Prices Heading Higher? Foreign Policy The world is now pumping and consuming more oil than it ever has, with output from big producers such as the United States and Saudi Arabia at or near record levels. But oil prices are still stubbornly high, and lots of barrels from Iran and Venezuela ... Oil drops 2.5% from 4-month highs on economic concerns World oil market entering 'crucial' period as uncertainties mount: IEA Oil prices could spiral higher in the coming months, says IEA |
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