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Non-OPEC Producers Called Cut Oil Output After Rout
2014-12-21 01:55:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: Crude tumbled into a bear market this year as oil extraction soared at shale formations in Texas and North Dakota as companies split rocks using high-pressure liquid, a process known as hydraulic fracturing, or fracking. Photographer: Andrew Burton/Getty Images Saudi Arabia and the United Arab Emirates reiterated pledges to keep pumping the same amount of crude, blaming non-OPEC producers for the glut of oil thats driven prices to the lowest in five years. Suppliers from outside the Organization...
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Category:Electronics and Electrical