Stories Tagged as
Oil market
Why a little cut in oil supply can have a big impact on price
by
Scott Tong
May 15, 2017
Saudi Arabia and Russia announced plans to cut their amounts of oil going onto the market. That has suppressed oil prices. The two countries make up a significant part of the oil market, but not that much. So why can a minor cut in supply affect the price worldwide? Because the oil market has something […]