In a recent survey performed by Oil and Gas people in alliance with KPMG, more than 95% of the oil and gas workers reported that they suffered from financial problems due to the downturn in the oil industry. More than 50% of the respondents admitted an increase in debt over the years while 35% of...

Before the meet in Vienna, the OPEC members discuss a modest hike in oil output in order to strike a balance between Russia’s proposal for a big hike and Iran’s opposition for no change in production.   A compromise in the output hike indicates that the resulting increase in supply might be lower than the...