Home › OPEC call hurting US shale sector
 

Keywords :   


OPEC call hurting US shale sector

2015-03-08 13:01:00| Climate Ark Climate Change & Global Warming Newsfeed

Geelong Advertiser: OPEC's top official has said that the cartel's decision to keep pumping crude in the face of collapsing prices was hurting the US shale oil industry and that a global pullback on investment could lead to a shortage that will push the market upward again. "Projects are being cancelled. Investments are being revised. Costs are being squeezed," Abdalla Salem el-Badri, the secretary general of the Organization of the Petroleum Exporting Countries, said at the Middle East Oil and Gas conference in...

Tags: call sector hurting opec

Category:Electronics and Electrical

Latest from this category

All news
»
22.05Eastern North Pacific Tropical Weather Outlook
22.05Atlantic Tropical Weather Outlook
22.05UK watchdog looking into Microsoft AI taking screenshots
21.05Clarins Begins Testing Generative AI-powered Customer Care Bot in US
21.05Waldencast Reports $68.3 Million in Net Revenue in Q1 2024
21.05Pixalate releases April 2024 top grossing CTV apps report
21.05A+E Networks EMEA enhances BLAZE streaming service with Simplestream
21.05Minerva unveils FAST+ Service for operators in North America
More »