The Chinese economy is slowing and that is hurting demand a lot. And of course Europe's problems means that demand there is suppressed too.
The Chinese economy is slowing and that is hurting demand a lot. And of course Europe's problems means that demand there is suppressed too.
There is a supply surge too. US fracking has contributed significantly to the surge. If it was only a demand problem, OPEC would have reduce production level. Instead OPEC leader Saudi A. has increased crude production. Why? That is discussed in the blog.