Oil Products Markets

Crude Oil Carrier Hijacked By Somali Pirates

Saudi Arabia, until recently the world’s top oil exporter and still de facto OPEC leader, is feeling pressure. Its top exporting customer of nearly four decades, the US, has become its greatest competitor. Amid the shale oil boom and the wonders of hydraulic fracturing (fracking), the US is now producing over 9 million barrels of crude… Keep reading →