Global benchmark Brent Crude and the US mark West Texas Intermediate have tumbled since the meeting of OPEC menaces at the start of the month,

全球基準原油商布蘭特原油和美國西德州輕質原油公司從 OPEC 在月初的會議警告後開始就暴跌，

and both on that hovering around 37 dollars a barrel. This group within the grip about which member should cut production

兩家都在一桶 37 美元的價格打轉。組織中哪個會員國應減少產量

to shore up Europe price has led to a continuation of OPEC's existing policies to keep on pumping.

以維持歐洲地區的價格導致 OPEC 現有的政策持續進行。

Although production flow outside the cartel has slowed dramatically amid low oil prices, OPEC producers have increased output.

即使處理原油的生產線已降速且油價低迷，OPEC 的產油國仍增加原油量。

The scrapping of the grip official ceiling this month took away any pretense of production constraint,

這個月的產品限制卻岌岌可危，

adding to the bearish sentiment in the market.

加深了市場的悲觀情緒。

Although cheaper oil is a boom for consumer countries, for the US, UK and China, a prolonged slide is detrimental to producination.

雖然對石油消費國如美國、英國和中國而言，較便宜的油價無非是個好消息，長時間來說是不利的。

For example, Venezuela, Nigeria, and even financially stronger Gulf economies such as Saudi Arabia.

舉例來說，委內瑞拉、奈吉利亞、甚至經濟上強大的海灣經濟體如沙烏地阿拉伯。

At the same time, the oil price collapsed and battered the balance sheets of the world's biggest energy companies

同時，油價暴跌嚴重影響了全世界最大的幾間能源公司的收入營運

that have been forced to slash hundred of billions of dollars in future investment and cut thousand of jobs. Energy stock have been hit hard, too, by the oil slump.

已被迫削減數十億美元的未來投資和數千個工作機會。能源股也深受石油暴跌影響而受創。

Highly indebted US shell drillers and the banks that lend to them are also suffering with much of the junk bond energy sector currently in distress.

債台高築的美國和銀行貸款給他們的銀行也因為在能源的一環而處於困境。

Bankers in the US say they are cutting the borrowing limits of exploration and production companies by as much as 20%

美國銀行業者表示，他們正在削減高達 20％ 用於勘探和生產原油的公司借款額

as the value of that reserves have fallen sharply. There is a concern a lengthy period of cheap crude could trigger widespread defaults.

由於原油價格劇烈下滑。有人擔心長期便宜的原油可能會觸發廣泛的默認價格。

If crude infantry set to rise even farther over the next year, a storage facility is on land reached tank tops.

倘若即使原油價格在明年上升更多，儲存設備也已經無法負荷了。

oil analyst are finding it difficult to be optimistic about the price.

石油分析師認為，要抱持對石油價格的樂觀態度是很難的。