Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Thursday, May 4, 2017

Persistently High Supplies of Oil Leads to Market Woes

Persistently High Supplies of Oil Leads to Market Woes

By By Michael McDonald,   /  Wednesday, May 3, 2017 9:52 AM
Last week was a tumultuous week for traders in oil markets as lingering doubts over the effectiveness that a production cut led by the nations of the Organization of Petroleum Exporting Countries (OPEC) was achieving the desired result of reducing global oil supply. The market has been saturated for over two years and some producers

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