No Dark Clouds on Oil Horizon
The
U.S. Department of Energy predicted that OPEC will remain in relatively
the same position in terms of market share at least through 2035. In
terms of the pricing, the DOE's Energy Information Administration said a
variety of factors that contribute to a relatively consistent OPEC mean
crude oil prices should increase roughly 5 percent per year for the
rest of the decade. Meanwhile, the share of renewables increases with
U.S. oil production, suggesting a leading economy could retreat from the
international market. The recent drastic decline…Read more...
No comments:
Post a Comment