oil price

Saudi Arabia is not under any obligation to cut its production to help Iran, Venezuela, Russia or the US frackers in Texas and North Dakota. It suits Saudi Arabia if the frackers and shale oil producers are driven out of business.
Oil prices have hit a nine-month high due to turmoil breaking out in Iraq as two cities were taken over by insurgents in
Oil prices rose above $110 per barrel on Monday morning amid an ongoing dispute over Iran's nuclear programme, with Tehran