The falling price of oil explained

Only a few weeks ago, it was the soaring price of fuel that was gripping the world

Some of the world’s biggest oil companies, including Total and Chevron, have cast doubt over whether global production, which stands at around 85 million barrels per day, can ever exceed 100 million barrels, despite demand projections of as much as 130 million barrels per day within a few decades by the US Government.