Tag Archives: OPEC

Are oil prices headed back to $30?

By Johnny Bevers, Editor, Tex.org With the botched OPEC deal in Doha now in the books, are oil prices headed back down to $30 or below? While it’s true that the oil glut seems to persist in its nastiness, US oil production is down month over month; and has been in a precipitous decline of … Continue reading

Tex.Org Oil Price Forecast For 2015

By Johnny Bevers Where Oil Prices Are Heading In 2015 According to the IEA, aggregate demand for oil is projected to be 93.3 million barrels per day in 2015.  The simple reason that we’re enjoying much lower prices at the pump is because the global energy producers (including OPEC) are currently producing 94.1M barrels per day … Continue reading