The Traderszone Network

Published in TZ Latest News 3 June, 2015 by The TZ Newswire Staff

Why the Saudis, OPEC want cheaper oil

The oil industry has not fully adapted to a world of lower energy prices yet. Sure, the U.S. drilling rig count is down 60% since peaking late last year. But one gets the feeling oil executives and oil investors both believe higher prices are just around the corner.