The Traderszone Network

Published in TZ Latest News 11 January, 2016 by The TZ Newswire Staff

Meet Manifa (And Other Giant Oil Projects) That Will Add To The Global Oil Glut

Via GEFIRA,

World oil consumption is more than 90 million barrels a day. Between 2009 and 2014 oil was traded for about 110 dollars a barrel; now oil is changing hands for 32 dollars a barrel. Roughly a 7-billion-dollar cash flow a day is vanishing from the global market.

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