Inside Opec Room, Naimi Declares Price War On U.s. Shale Oil

VIENNA (Reuters) - Saudi Arabia's oil minister told fellow OPEC members they must combat the U.S. shale oil boom, arguing against cutting crude output in order to depress prices and undermine the profitability of North American producers.

Topics:  vienna reuters     saudi arabia   opec   u.s    north american   price   
BING NEWS:
  • Oil Prices Forecast: WTI Nears 10-Month High Amid OPEC Supply Cuts, US Shale Decline
    This upswing is propelled by a drop in U.S. shale production and sustained supply ... 4-Hour Light Crude Oil Futures Given the current 4-hour price of Light Crude Oil Futures at $91.20, it ...
    09/19/2023 - 12:46 am | View Link
  • OPEC Strategy Bears Fruit As Oil Prices Break Out
    Despite the disastrous price war on shale producers, Saudi Arabia usually achieves its aims in the oil markets. However, $100/bbl would stimulate significant investment in U.S. shale production ...
    04/18/2018 - 6:24 am | View Link
  • Saudi Arabia Pulls Off Deal To Cut OPEC Oil Production
    Goldman Sachs said in September that U.S. shale oil production could increase as much as 600,000-700,000 bpd by the end of 2017, effectively wiping out the previous two plus years of production ...
    11/30/2016 - 3:40 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More News