Supply is coming strongly, especially from Middle East countries. And the stocks are huge. As a result of that, we have lower oil prices with huge implications for the next few years

Where Will Oil Prices Go After Algiers?

By Oilprice.com -- Nick Cunningham—— Bio and Archives--September 28, 2016

Global Warming-Energy-Environment | Comments | Back To Full Article

Saudi Arabia and Iran may yet come to terms on some sort of production arrangement, but the outcome of the negotiations in Algeria this week may not do much to rescue oil prices. Following the media spectacle, the oil markets may have to shift their attention back to the supply and demand fundamentals, which are not reassuring.

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