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Jason Schenker | ASHARQ AL-AWSAT English Archive 2005 -2017
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Pump Jacks are seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy Nicholson


It’s Going to Be a Hot Summer for Oil Prices

It’s Going to Be a Hot Summer for Oil Prices

by | Jan 24, 2017 | Opinion

Oil prices have been falling since the New Year. After a bullish announcement from the Organization of Petroleum Exporting Countries and production cuts by non-OPEC nations, the narrative has become bearish, focused on drilling for U.S. shale oil, as well as the...