Month: April 2015

Increase in Worldwide Supply of Crude Oil Leads to Falling Diesel Prices

Worldwide crude oil prices are continuing their descent into 2015 due to several factors. First, the Organization of Petroleum Exporting Countries (OPEC) stated in November that the Middle East consortium was not interested in cutting crude production and losing critical market share. Secondly, the United States continues to increase supply through advanced drilling techniques such…