Oil price fall tips OPEC current account into deficit in 2015

…First since 1998 22 June 2016, London — OPEC’s 2015 oil export revenues slumped 46 percent to a 10-year low, the group said in a report published on Wednesday, underlining the impact on producers’ income from a collapse in prices. Oil prices at about $50 a barrel are half their level in mid-2014, pressured by […] More »