Now crude is near $50 a barrel, he must be having hard times.
I expect it to fall below $40 a barrel. Surpluses are already high and demand is declining. As prices fall, petro-states like Russia and Venezuela whose economies are dependent on energy exports, must produce and export even more oil to obtain the same number of dollars. This then adds to the global surplus and further lowers crude prices.
Crimea is illegally occupied by Russia
Great to see the price of crude drop. Lol
Passion and Patience