Colver Technologies: Oil prices have fallen to their lowest levels since 2009 on the glut in supply and slowing global economic growth. The ongoing rout in global oil prices took out another key level this week as international benchmark product Brent crude dipped below $60 for the first time since 2009 and small-scale GTL operator, […]
Colver Technologies Says OPEC Unlikely to Cut Production
Colver Technologies: Oil cartel, OPEC runs the risk of oil prices sinking to $60 a barrel if it chooses to maintain production at current levels. Pressure on the likes of Saudi Arabia and Kuwait from smaller producers like Nigeria, Venezuela and Iran is unlikely to result in a cut in production within the Organization of […]
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