Tuesday 21 July 2015

DECLINE IN US SHALE, CRUDE OIL OUTPUT MAY BOOST GLOBAL DEMAND

130115F-Crude-Oil.jpg - 130115F-Crude-Oil.jpgThe current drop in the shale and crude oil production by the United States may boost prospects for increased global demand, which has the potential to increase the price at the international market.

The increased production of Shale oil and crude oil by the United States had contributed largely to the country’s zero imports from Nigeria and the attendant supply glut at the global market.
 

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