Posted inAT FinanceChinaEuropean UnionIranIraqMexicoMiddle EastNortheast AsiaRussiaSouth AsiaSyriaWorld

Oil prices continue to slide as US fossil-fuel supplies build

For the first time since 2008, the US Energy Information Administration (EIA) revealed in early June that total stockpiles of crude oil and gasoline in the United States have reached their highest levels. Additional stress was placed on oil markets when Opec said production rose through revived output in Libya, Nigeria, and Iraq. The political climate […]