Tag Archives: oil price supply and demand

Oil Prices See A Bottom As Oil Supply Shrinks

By Johnny Bevers After OPEC announced its intention to not reduce its production for fear of losing market share, oil prices plummeted to record lows across the globe.  In it’s most recent report for the week ending December 19,2014, the US Energy Information Administration (EIA) reported an 800,000 barrel decline in American oil stock piles … Continue reading