Oil prices are under pressure, driven by a glut of oil in the United States and on world markets because of resilient domestic production and increased production by Saudi Arabia and other Persian Gulf states. The recent nuclear deal with Iran may eventually add as much as a million barrels a day to the global market of 94 million barrels, further dousing speculation that prices will rebound soon.
Oil prices are under pressure, driven by a glut of oil in the United States and on world markets because of resilient domestic production and increased production by Saudi Arabia and other Persian Gulf states. The recent nuclear deal with Iran may eventually add as much as a million barrels a day to the global market of 94 million barrels, further dousing speculation that prices will rebound soon. Daniel Acker Bloomberg
Oil prices are under pressure, driven by a glut of oil in the United States and on world markets because of resilient domestic production and increased production by Saudi Arabia and other Persian Gulf states. The recent nuclear deal with Iran may eventually add as much as a million barrels a day to the global market of 94 million barrels, further dousing speculation that prices will rebound soon. Daniel Acker Bloomberg

Oil companies Exxon and Chevron report the worst quarterly results of the current decade

July 31, 2015 05:25 PM