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David Blevings, spokesperson for NIOF said, “Oil prices are now falling on the back of the breakdown in talks between Russia and OPEC. OPEC were allegedly attempting to introduce a supply cut to the global oil market but Russia has said no and may have embarked on a price war with the Saudis. We are … Read moreOil price drop is good news for oil consumers says NIOF

After the recent drone attack in Saudi oil prices are spiking in anticipation of a potential reduction in global oil supply. David Blevings, spokesperson for the Northern Ireland Oil Federation said, “The recent attack on the Saudi oil infrastructure is pushing prices higher. However, the Saudi Government has announced that it will make up any … Read moreOil Prices post gains after Saudi attack