Globally as many countries are planning to move towards renewable energy, oil and gas prices are tumbling

Globally as many countries are planning to move towards renewable energy, oil and gas prices are tumbling.

Europe Union declared they have sufficient gas reserves for Winter and even the Europe Union is planning to move towards renewable energy as it even meets Climate Change commitments.

Russa also started producing oil and this again another factor.

Crude Oil current trading at 106 USD per barrel.

Generally normal price of crude oil is to trade between 75 USD per barrel to 85 USD per barrel.