Oil prices have regained some of their recent losses, yesterday, but they are lower again this morning in reaction to the move by China to devalue its currency. Brent crude oil prices retook the $50 level for a time, but are back under that level now.… Read more
Energy OverView August 3, 2015
WTI oil prices have fallen to five-month lows. The Bloomberg and Reuters OPEC production surveys were issued on Friday, and they both showed unrelenting production levels from the cartel. Saudi Arabia and Iraq output remains strong, with the Saudis continuing to produce in excess of 10 million bpd.… Read more