ALJAZAM Ali Velshi On Target February 5, 2016
Falling oil prices are wreaking havoc on Oil Producers and workers. This week Royal Dutch Shell said profits fell 56 in the last three months of 2015 compared to the year earlier, and confirmed the new wave of job cuts. American oil giant Conoco Phillips lost a billion in the same. Here is why u. S. Crude settled at the 31. 72. Prices dipped into the 20s, thats a far cry from the 100 plus that oil traded at in mid 2014. And the downward spiral takes a toll on global stock market in asia and america. And that caused angst at the World Economic forum. In davos switzerland, that brings together l...