An oil refinery in Mina-Al-Ahmadi, Kuwait. Wikipedia Commons.
An oil refinery in Mina-Al-Ahmadi, Kuwait. Wikipedia Commons.


World Bank Analyzes Oil Price Plunge

Rapid expansion of oil supply from unconventional sources, a significant change in OPEC’s policy stance, and weak global demand are driving the recent plunge in oil prices, according to a new paper by the World Bank. These underlying forces are buoyed by a strengthening U.S. dollar and the fact that oil production in the Middle […]

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