The oil trade solely found about 2.7 billion barrels of recent provide in 2015, a tiny fraction of the annual common for the previous fifty years. The dismal end result was one of many worst performances from the oil trade in many years. 2016 could possibly be even worse.
The article initially…
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The oil trade solely found about 2.7 billion barrels of recent provide in 2015, a tiny fraction of the annual common for the previous fifty years. The dismal end result was one of many worst performances from the oil trade in many years. 2016 could possibly be even worse.
The article initially appeared on Oil-Buying and selling.co right here: http://www.oil-trading.co/crude-oil-analysis/oil-price-spike-could-be-inevitable
The 2015 determine is about one tenth of the annual common courting all the best way again to 1960, in response to Wooden Mackenzie. Shockingly, 2015