Oil price sinks below $35 to a 12-year low

[Wacha1]

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Crude oil has hit a 12-year low as the world’s supply glut shows no signs of easing despite increased global tensions. Brent crude dropped to $34.95 a barrel — the lowest since 2004 — as traders bet against the black stuff again ahead of another big expected rise in US stockpiles. Crude has just seen the biggest two-year loss on record after the Opec oil cartel effectively abandoned production limits.

Saudi Arabia is determined to keep pumping oil and maintain market share despite the rise of US fracking. Iran coming back into the international fold is also likely to boost supplies. Prices are falling despite New Year tensions between Saudi Arabia and Iran over the Saudis’ execution of a prominent Shia Muslim cleric. Elsewhere, communist North Korea successfully tested a hydrogen bomb last night.

Je, kwa nini bei ya mafuta haipungui kwenye vituo vya mafuta? Je, bei zetu zinzpangwa kwa misingi ipi?

 

[akili akili]

Taarifa mbaya sana hizi kwa watu wa oil and gas industry

 

[Mzee Mchopu]

Mafuta tangu juzi ni Dola 35 /barrel nashangaa hapa kwetu bado yapo juu sana kiwango cha kutisha na serikali ndo inahusika moja kwa moja.

Punguzeni mafuta wahusika

 

[Mu-sir]

Taarifa mbaya sana hizi kwa watu wa oil and gas industry

Imeshatuathiri sana mkuu since December 2014

 

[akili akili]

Imeshatuathiri sana mkuu since December 2014

Mi pia ni muhanga wa oil price.

 

[Mu-sir]

Mi pia ni muhanga wa oil price.

Hatari sana kumbe na wewe pia... hii halisijui itakuwa sawa lini