A huge gain, continued pain | Felix Schauerte

The daily global consumption of crude oil is about 93mn barrels. At a price of around USD 100 per barrel, prevailing between 2010 and the beginning of 2014, approx. USD 9,3bn was paid by consumers to the producers on a daily basis. Per year, that amounted to approx. USD 3,400bn. Against that benchmark, at today’s price of […]