'It was the best of times, it was the worst of times .. ."Dickens wrote at the beginning of "Tale of Two Cities." If he were alive today, he might use the same words to describe the state of the global oil market.
With prices down almost 40% over the past six months, many oil exporters will be hurting next year.
At $60 per barrel, countries ...

Thanks mainly to the shale revolution, oil production in the U.S. hit a 28-year high last month while imports were at their lowest levels since 1995. Consequently, prices have fallen 15% since June, and Saudi Arabia has cut production by 400,000 barrels a day — providing further evidence that OPEC no longer has the power to ...