Πεμ, 29 Ιανουαρίου 2015 - 19:13
The collapse in crude oil price was increased by the Saudi-led OPEC decision to maintain production in the face of an emerging glut of supply. It is no secret that Riyadh wanted to knock out higher-cost production, with the obvious target the US shale industry which, after increasing US oil production by about a third in four years, was reducing the oil market share of the Organization of Petroleum Exporting Countries.