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hemanthaa@mail.com

Epic fall of gas price and inevitable impact on the price of crude oil

hemanthaa@mail.com in Oil (General)

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hemanthaa@mail.com    + 64

hemanthaa@mail.com

Fall of gas prices in Europe

The price of gas has been falling and the northern hemisphere is still at the peak of winter; this is not something that the analysts have been collectively forecasting for the past few months, especially when the West imposed unprecedented sanctions on Russia.

The price of natural gas that recently eclipsed the significance of US crude stocks, remains a key factor in the next few weeks or even months, as the global economic growth has been badly hit by the rising energy costs. 

By failing to gauge the crisis - and stubbornly ignoring the repeated pleas of consumers to reining in the prices  - major oil producers in the Middle East are feeling the pinch too - at last!

Please read this for more:

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