Sydney Morning Herald | Oil price hurt by surging debt levels, says BIS Sydney Morning Herald The 50 per cent plunge in oil prices since the middle of last year cannot be solely blamed on falling demand and the battle between the United States shale industry and large Middle-Eastern oil producers over market share. Debt and futures trading have ... Oil Companies May Keep Up Output to Repay Debt, BIS Report Says OPEC Blamed for Low Crude Oil Prices The steepness of the oil price crash can't be explained by supply and demand alone |