Everything you need to know about oil – Part 1

With this series of articles, BSIC will present the supply and demand dynamics of the oil industry which are most relevant to create well-grounded predictions of the future. This week’s article will focus on the supply side trends including supply disruption resulted from geopolitical issues, pipeline construction projects around the world, and countries’ exploratory initiatives […]

OIL: What’s next?

In 2014 oil prices crashed. In June 2014, the price of Western Texas Intermediate[1] oil was $115.12 while in December it was $53.77. There are several reasons for abrupt decline in price. The main cause was the rapid supply growth which overwhelmed moderate demand. The political turmoil in Iraq and Libya did not affect the […]