Oil markets have been over supplied now for more than two-and-a-half years with financial pain being felt from Moscow to Houston to Riyadh and everywhere in between, in arguably the worse oil market crash in a generation. Major producers, Russia and OPEC led by Saudi Arabia, should now reformulate totally new strategies as U.S. shale oil production is poised for a come back.
Oil markets have been over supplied now for more than two-and-a-half years with financial pain being felt from Moscow to Houston to Riyadh and everywhere in between, in arguably the worse oil market crash in a generation. Major producers, Russia and OPEC led by Saudi Arabia, should now reformulate totally new strategies as U.S. shale oil production is poised for a come back.
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