Tag Archives: Oil Prices
By Mitchell Ferman, The Texas Tribune Plummeting demand and an international price dispute have forced Texas oil producers to begin shutting wells.
Tomorrow, the Organization of Petroleum Exporting Countries (OPEC) meets in Vienna to try to figure out a way to cut oil production. For decades OPEC’s set oil prices by controlling supply. So the meeting will be closely watched because it … Continue reading
The middle class has shrunk faster in Midland, Texas, than nearly anywhere else in the U.S. Overall, more people are getting rich than falling behind. But extreme booms and busts make life precarious.
The prospect of Iranian oil adding to the global flood of crude pushed prices further down on Monday, with Brent crude, the international benchmark for crude oil, touching its lowest level since 2003 – below $28 dollars per barrel. International … Continue reading