STRATEGIC ANALYSIS

The Oil Market Challenge

Shebonti Ray Dadwal is Senior Fellow at the Institute for Defence Studies and Analyses, New Delhi. Click here for detailed profile
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  • September 2016
    Volume: 
    40
    Issue: 
    5
    Commentaries

    Over the last few years, it has been a roller coaster ride for the oil markets. From $110 a barrel in 2010, prices began dropping from June 2014 and finally dropped to below $30 a barrel in January 2016. Then from the end of the first quarter of 2016, prices started recovering and have been hovering around $50 a barrel since May

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