In the last couple of months, we have witnessed the greatest fall in the crude oil prices in history ever. Recently the crude oil price dropped down to the negative territory (-$37/bbl), means traders were ready up to sell their oil commodities at a loss. But how it all happened
Tag: OPEC
VALUATING OIL & GAS COMPANIES: THE OIL INDUSTRY
By 1800, oil-lamps for lighting were already widely used, thus creating a high demand for lamp oil. This lamp oil was until 1859 mainly derived from relative expensive animal & vegetable oil. And after that “kerosene” which was less expensive. So the high demand for kerosene resulted in that “Colonel