Post Tagged with: "global oil production declines"

Oil Market, Prices Have Entered the ‘Red Zone’:  IEA Begs OPEC to Open the Taps

Oil Market, Prices Have Entered the ‘Red Zone’: IEA Begs OPEC to Open the Taps

Venezuelan output is in free-fall and Iran’s production is sinking: IEA’s Birol says expensive energy is back and its inflicting damage on global economy

From Bloomberg

The International Energy Agency made a direct appeal to OPEC and other major oil …