Tag Archives: Chronology of world oil market events

Crude Oil Prices Drop to $60 as Crisis Looms Ahead

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Crude oil prices took a dive to reach even lower than $60 per barrel recently. This is the first time such an extreme example of an all-time low in prices has been detected in half a decade. Crude...

Oil Prices are Decreasing while Oil Production is Increasing

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Now we can see that the oil prices are going downwards. With the prices going downwards, we are seeing OPEC members facing concerns as Russia who heavily relies on petroleum products, would be...

Oil prices fall even with Ukrainian-Russian tension

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Tension between Ukraine and Russia saw oil futures prices jump on Friday.Russia provides a large portion of Europe's oil supply. So Ukrainian insistence that Russian humanitarian convoy being sent...