Russia sees oil market balance in 2017 Moscow (UPI) May 13, 2016 - Barring any compromise among OPEC members or a serious degradation in Middle East security, oil markets won't balance until next year, Russian analysis finds. Crude oil prices started moving below $100 per barrel in mid 2014 as energy companies ramped up production, notably in U.S. shale basins. The excess of supply has lingered for years as global economic recovery is too slow to corre ... more

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