The Heat: Falling oil prices

The Heat

The Heat: Falling oil prices

Just two years ago, oil was selling for more than $115 a barrel. It recently dropped to just under $30 putting it at a 12 year low.

There’s no consensus on what will happen next. Could this downward trend continue? Or will prices steadily increase in the months ahead?

In the meantime, the impact is being felt across the globe, from Saudi Arabia to Russia, China, India, Venezuela and the United States.

CCTV Correspondent Yasser Hakim reports.

The Heat: Falling oil prices pt1

The Heat: Falling oil prices pt1

Just two years ago, oil was selling for more than $115 a barrel. It recently dropped to just under $30 putting it at a 12 year low. There’s no consensus on what will happen next. Could this downward trend continue? Or will prices steadily increase in the months ahead? In the meantime, the impact is being felt across the globe, from Saudi Arabia to Russia, China, India, Venezuela and the United States. CCTV Correspondent Yasser Hakim reports. The Heat was joined by the following: Abdulateef Al-Mulhim, a columnist for the Saudi newspaper, Al Yaum. Keyu Jin, a professor at the London School of Economics. Carl Larry, an expert on the oil industry and a director for Frost and Sullivan, an oil and gas consulting company.

The Heat was joined by the following:

The Heat: Falling oil prices pt2

The Heat: Falling oil prices pt2

Just two years ago, oil was selling for more than $115 a barrel. It recently dropped to just under $30 putting it at a 12 year low. There’s no consensus on what will happen next. Could this downward trend continue? Or will prices steadily increase in the months ahead? In the meantime, the impact is being felt across the globe, from Saudi Arabia to Russia, China, India, Venezuela and the United States. The Heat was joined by the following: Dmitry Babich, a political analyst for The Voice of Russia radio.

  • Abdulateef Al-Mulhim, a columnist for the Saudi newspaper, Al Yaum.
  • Keyu Jin, a professor at the London School of Economics.
  • Carl Larry, an expert on the oil industry and a director for Frost and Sullivan, an oil and gas consulting company.
  • Dmitry Babich, a political analyst for The Voice of Russia radio.