Can Saudi Arabia Bring Down Gas Prices?
Thursday, June 12th, 2008According to the oil producers’ cartel Opec, the blame lies with speculators in the international markets. But Tony Hayward, chief executive of BP, describes that view as “a myth”.
He argues that the main cause is the tight balance between global supply and demand.
BP’s new Statistical Review of World Energy - a key information source for many people in the industry - highlights what has been going on.
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