13213
Oil Price Decline 
Energy

Oil Price Decline 

Oil prices might have stabilized only temporarily as the global oil glut is worsening due to production in the US showing no sign of slowing, the International Energy Agency (IEA) said, TradeArabia reported. The US may soon run out of spare capacity to store crude, which would put additional downward pressure on prices, the IEA added.

 

Short URL : http://goo.gl/QzbZpB

You can also read ...

China on Pace for Record Solar Power Installations
China, the world’s biggest carbon emitter, is poised to...
Algiers, Tehran in Talks to Expand Energy Ties
Tehran is ready and willing to play a role in Algiers' joint...
Major repairs at Nouri plant are scheduled to start next month.
Nouri Petrochemical Company, one of Iran's top petrochemical...
IPO to Auction 41 Filling Stations in 14 Provinces
Iran Privatization Organization is scheduled to auction 41...
Zanganeh Says Most OPEC Members Back Extending Output Cuts
Oil Minister Bijan Namdar Zanganeh said on Monday that a...
Heavy oil from Iraq, Canada and Brazil are already replacing Venezuelan barrels.
As Venezuela’s dilapidated energy sector struggles to pump...
India's Import of US Coal  Quadruples
India’s coal imports from North America quadrupled to 2.1...
Crude Prices Lose Steam
Oil eased on Monday, as traders were reluctant to take on big...

Trending

Googleplus