The price of crude oil continues to inch towards $100 as the threat of a Russia-Ukraine conflict gains momentum. Russia is the world’s second-largest exporter of crude oil in the world and the third-largest producer of crude, and a potential conflict heightens fears of possible supply crunches. With Russia being also the world’s largest producer …
The post Why US shale oil companies are in no mood to hike output despite rising crude prices first appeared on Hellenic Shipping News Worldwide.