We are a team of highly motivated oil and natural gas enthusiasts who are willing to go to lengthy extremes to give our targeted audience of page viewers the information they are looking for.
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More ...The US is among the major importers of crude oil and various crude oil products. But, is itself an important producer of the commodity.
More ...The US is one of the most important countries for investors in the oil and gas sector and companies that want to export crude oil along with its products.
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The recent oil supply glut which surged over the global oil and natural gas market is to bear a huge blame for the continued drop in oil prices. Most economic experts are actually in agreement on this matter. Granted, the demand and other economic factors have also contributed to the recent drop in oil prices. But the supply glut still bears a lion share of the blame. It is very easy to make this deduction based on the fact that the recent reduction in supply instantly triggered a sharp change in oil prices.
For example, OPEC’s deal to curb supplies for the next 9 months instantly caused oil and natural gas futures to gain significantly. This is testimony to the huge impact that supply has on global oil prices.
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