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Home»Posts tagged with»Gulf states fear shale boom will lead to drop in crude oil prices

Gulf states fear shale boom will lead to drop in crude oil prices

By World Tribune on January 17, 2014   BB Middle East, Exclusives, Kuwait, Mideast, Top Stories  

Gulf states fear shale boom will lead to drop in crude oil prices

Special to WorldTribune.com ABU DHABI — Crude oil prices were expected to fall over the next few years. A Gulf Arab think tank has assessed that the price of crude could fall to $80 per barrel because of the growth of shale energy, expected to reach up to 14 million barrels per day by 2035. […]

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