Saudi Arabia may go broke before the US oil industry buckles If the oil futures market is correct, Saudi Arabia will start running into trouble within two years. It will be in existential crisis by the end of the decade. The contract price of US crude oil for delivery in December 2020 is currently $US62.05, […]
Oil crash could be ‘far worse than 1986’, says Morgan Stanley
Oil crash could be ‘far worse than 1986’, says Morgan Stanley Morgan Stanley has been pretty pessimistic about oil prices in 2015, drawing comparisons to the some of the worst oil slumps of the past three decades. The current downturn could even rival the iconic price crash of 1986, analysts had warned – but definitely […]