Factors Driving Low Prices Of Petroleum Products In The UK And Their Short-Term Future

UK’s PositionMid-January 2015 witnessed the falling down of oil prices in a dramatic fashion. This recent fall has been considered the major in the history, with the equivalent declines being the collapse in the prices of the oil in 1980 and the global financial crisis in 2008-09. The latter factor was inverted quickly, but the former proved to be the long enduring one. There is an amalgamation of factors from both the demand and supply side l…