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OPEC bid to kill off US shale sends oil price down to 2009 low : December 08, 2015,
2015-12-08 10:33:23| Oil & Gas - Topix.net
Oil industry stocks tumbled on Monday, leading US stocks lower, as crude prices sank to their lowest close since February 2009 in the wake after decision of Organisation of the Petroleum Exporting Countries not to cut output dimmed the odds of any quick recovery in oil prices. Dow members ExxonMobil world's largest publicly traded international oil and gas company - and Chevron lost 2.6 percent and 2.7 percent respectively, while shale producer Continental Resources plunged 9.3 percent.
Opec plan to kill off US shale supply sends oil price down 7-yr low
2015-12-07 15:51:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: The latest attempt by Saudi Arabia to kill off the threat from US shale oil has sent oil prices slumping to their lowest level since the depths of the global recession almost seven years ago. A barrel of benchmark Brent crude was changing hands at below $42 a barrel after the oil cartel Opec - heavily influenced by Saudi Arabia decided late last week to continue flooding the global market with cheap oil. With global demand weak, traders fear that Opecs refusal to cut production despite the...
Crude oil prices fall as OPEC fails to agree on oil production
2015-12-07 01:00:00| Offshore Technology
Crude oil prices have dropped after the Organization of the Petroleum Exporting Countries (OPEC) failed to agree on a production ceiling to cut oversupply.
Tags: prices
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Crude oil prices rise ahead of OPEC meeting in Vienna
2015-12-04 01:00:00| Offshore Technology
Crude oil prices have increased due to the Organization of the Petroleum Exporting Countries (OPEC) meeting in Vienna.
Opinion: Stop Blaming OPEC For Low Prices
2015-10-29 10:55:32| Green Car Congress
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