Oil Crisis


Oil crisis? Here is how Saudi Arabia plans to shake up its economy

In late February, several hundred Saudi officials, company executives and foreign consultants gathered in a luxury Riyadh hotel to discuss how Saudi Arabia’s economy could survive an era of ... Read More

Morgan Stanley expects oil crisis worse than in 1986

Analysts from Morgan Stanley, who had predicted the 2015 in drop in oil prices to be as steep as in 1986, now say that it may be much worse. ... Read More
North Sea Oil Rig

Global crude oil prices slump further as traders bet on sell-off

Global crude oil prices slumped further on Thursday, as traders placed fresh bets that the market would resume a six-month sell-off on worries about a supply glut. Benchmark Brent ... Read More
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