Publications by Oil & Gas News: Price slump seen lasting very long.

Publications by Oil & Gas News Resent articles by the "Oil & Gas News" from The Free Library

Price slump seen lasting very long. Feb 29th 2016, 00:00 When Sheikh Ali Khalifa Al-Sabah of Kuwait thinks about today's plunging oil prices, his mind drifts back to the mid-1980s, when he was forced to sell some of his country's crude for as little as $5 a barrel. As Kuwait's oil minister at the time, Sheikh Ali had to sell a cargo or two at that price just to keep up cash flow to a country that depended upon oil revenues. 'It wasn't because...

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