Counting the Cost – The future of oil jobs in the Middle East
The Organisation of Petroleum Exporting Countries (OPEC) and 11 other oil-producing nations have extended oil production cuts until March 2018 in an attempt to drain the global oversupply of oil and prop up the price of crude.
Saudi Arabia led the push to extend the curbs, but oil prices have risen less than OPEC countries have hoped for. And that’s because oil at current prices is enough to bring US producers back into the market.
What will OPEC’s production cut extension mean for energy jobs in the region?
Cian Brennan from the consultants Turner and Townsend looks at what changes are coming for the Middle East’s oil industry.
More from Counting the Cost on:
YouTube – http://aje.io/countingthecostYT
Website – http://aljazeera.com/countingthecost/ Video Rating: / 5
Tortoise capital Portfolio Manager Rob Thummel and Cuttone & Company Inc. Senior Vice President Keith Bliss on why oil prices tumble and the future of brick-and-mortar retail.