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US production and China’s crisis make oil prices crash

121 views · Published 18 February 2016 · 2:53 · Indexed 14 November 2026

Channel: Bocconi University · 2016 · Entertainment

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For two years now oil prices have been dropping, even more so in recent months.  On the demand side the causes are in the crisis of the Chinese economy, and in part Europe’s, whilst on the supply side the causes are in the rise in production from the US, thanks also to the development of shale technology, and from Iran, explains Matteo Di Castelnuovo, IEFE Bocconi. The implications? Lower bills but also big losses for the oil companies and financial difficulties for oil producing countries such as Russia and in the Middle East.

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