After weeks of speculation OPEC members have finally reached an agreement to lower oil production for the first time in eight years. Through this agreement Saudi Arabia is expected to diminish 350,000 per day and production is expected to drop from 33.4 million to 32.5 – 33 million barrels of oil per day. Iran, Nigeria […]Continue Reading →
After months of dropping oil prices with no end in sight, it seems that the commodity has finally come to its senses, with Brent, the international reference, rising up from approximately US$30 to around US$40 in less than one month. The itching question on everyone’s mind is “will it last?”.
Let us recall in brief […]Continue Reading →
If you are under 25, or an adept user of the internet, you may have come across this image that was posted on many popular websites and social media platforms. Mexico Oil and Gas Review investigated the veracity of this claim and found that on 20 January 2016, not only was […]Continue Reading →
Recent events around the globe have led to record-low oil prices, reminding us just how closely the price of oil is linked to geopolitics. Brent crude has fallen 50% since last June, dropping below the US$50 per barrel benchmark today, reaching its lowest since January 2013. Analysts have identified the main causes of this drop […]Continue Reading →