History has been so fascinated with oil and its price movements that it is indeed hard to imagine our future without oil. Over the last few months, we have witnessed how oil prices have fluctuated from a 6 year low level of $42.98 per barrel in March 2015 to the current levels of $60 per barrel. It is interesting to …
What is Big Oil Up To?
How can oil prices continue to plummet whilst “The largest U.S. refinery strike in 35 years entered its fourth week on Sunday as workers at 12 refineries accounting for one-fifth of national production capacity were walking picket lines.” This is no isolated phenomenon; the UK oil industry is witnessing a one round burst of 1,500 jobs being slashed. 15,000 more jobs …