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Biz Break: Oil prices plunge as OPEC challenges U.S.
2014-11-29 00:44:07| Oil & Gas - Topix.net
U.S. crude oil prices fell the most in five years Friday after OPEC decided not to curb the amount of oil its member countries produce in a challenge to growing production in the United States. Oil prices have been falling as the U.S. produces more oil from hydraulic fracturing, commonly known as fracking.
Biz Break: Oil prices plunge as OPEC challenges U.S.
2014-11-29 00:39:07| Energy - Topix.net
U.S. crude oil prices fell the most in five years Friday after OPEC decided not to curb the amount of oil its member countries produce in a challenge to growing production in the United States. Oil prices have been falling as the U.S. produces more oil from hydraulic fracturing, commonly known as fracking.
FTSE 250 movers: Oil stocks slide after OPEC decision
2014-11-28 22:08:46| Industrial Machines - Topix.net
Oil stocks and those related to the sector tumbled following the decision by the Organization of the Petroleum Exporting Countries to maintain a steady rate of oil output, which sent the price of Brent tumbling on Thursday. Premier Oil, Enquest, Afren, Hunting, Ophir Energy and Wood Group all took a big hit on Friday afternoon.
Tags: decision
oil
slide
stocks
OPEC upheaval delivers a broadside to major energy companies as oil prices plunge sharply
2014-11-28 16:19:59| Oil & Gas - Topix.net
A decision by OPEC this week to maintain current levels of oil production is hammering major energy companies in the U.S. and abroad. Many energy experts had expected the group of oil producing countries, which met in Vienna this week, to act to halt a free fall in the price of crude oil since this summer.
Tags: major
prices
companies
energy
OPEC in age of climate change
2014-11-28 14:18:00| Climate Ark Climate Change & Global Warming Newsfeed
Al Jazeera: Thursday's OPEC meeting in Vienna was widely billed as the most important in years. OPEC ministers decided to resist calls to cut their oil production in response to the fall in oil prices since June. After three years of holding steady around $110 a barrel, oil had dropped below $80. Within minutes of their decision, the price fell by another $5. This was in large part a contest between OPEC and US frackers for power over the oil market. With the new technology of hydraulic fracturing, US oil...
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