Energy Transition

Why are oil prices so low?

A worker walks past a pump jack on an oil field owned by Bashneft company near the village of Nikolo-Berezovka, northwest from Ufa, Bashkortostan, January 28, 2015. New European Union sanctions against Russia could include further capital markets restrictions, making it harder for Russian companies to refinance themselves and possibly affecting Russian sovereign bonds and access to advanced technology for the oil and gas sectors, EU officials said on Wednesday.

Why oil prices are so low and expected to stay that way. Image: REUTERS/Sergei Karpukhin

Keith Breene
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Crude oil prices ($/ barrel)
Image: Reuters
 Weekly US field production of oil
Image: U.S Energy Information Administration
 Balance of supply and demand
Image: New York Times
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Energy TransitionOil and Gas
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