Oil prices collapse in 2014-2015
Experts believe that a significant oversupply of raw materials on the market became the main reason for the fall in oil prices in 2014. In this situation, many analysts draw a parallel with the crisis of 1985-1986. Recall, long before the collapse, the leading OPEC countries, such as Saudi Arabia, actively increased oil production and sold large amounts of it. At the same time, independent oil producers also raised their volumes to a record level. As a result, oversupply caused a significant drop in demand.