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

Reuters: Business News, Reuters: Business
Fri, 11/28/2014 - 9:16am

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

Place your ad here
Loading...

BING NEWS:

US could release more SPR oil to keep gas prices low, senior White House adviser says
U.S. President Joe Biden will do what he can to ensure affordable gasoline prices, White House senior adviser John Podesta said at an industry conference on Tuesday, when asked about future releases ...
04/16/2024 - 7:36 am | View Link
OPEC sees robust summer oil demand, economic upside potential
OPEC sees world economic growth of 2.8% in 2024, steady from last month, and said the U.S ... price cuts in the United States - as it grapples with falling sales and an intensifying price war ...
04/11/2024 - 2:32 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

More Movie News

More Business News

St. Louis County's $562M bond issue would include renovation of disputed Northwest Plaza office
BizJournals, Friday - 04/26/2024 - 05:44 PM
More than half the estimated $562 million bond issue proposed to build a new St. Louis County government center would go toward other building projects, including a $22 million renovation of the much-disputed leased county offices at the former Northwest Plaza.
More | Talk | Read It Later | Share
Oakland airport doesn’t escape Southwest Airlines’ retrenchment
BizJournals, Friday - 04/26/2024 - 05:44 PM
Southwest Airlines, the dominant carrier at OAK, is also considering another major change in how it operates.
More | Talk | Read It Later | Share
Jerry Baack steps down as president of Bridgewater Bank
BizJournals, Friday - 04/26/2024 - 05:43 PM
Jerry Baack will remain chairman of the board and CEO, while current Chief Financial Officer Joe Chybowski will take over as president effective Friday. Chybowski will serve jointly as president and CFO for the time being.
More | Talk | Read It Later | Share
Vineyard technology company Scout raises $3 million funding round
BizJournals, Friday - 04/26/2024 - 05:37 PM
Vineyard management software technology company Agriculture Scout AI Inc. has raised $3 million.
More | Talk | Read It Later | Share
Williams-Sonoma agrees to pay millions in FTC penalties for 'Made in USA' claims
BizJournals, Friday - 04/26/2024 - 05:34 PM
“Williams-Sonoma claimed its products were made in the United States even though they were made in China,” said FTC Chair Lina Khan.
More | Talk | Read It Later | Share
New residential project at key Scottsdale intersection heads to City Council
BizJournals, Friday - 04/26/2024 - 05:32 PM
The name Cosanti Commons is a nod to the Cosanti Originals art gallery in Paradise Valley that was built by renowned Arizona artist and architect Paolo Soleri. Artwork from Soleri will be visible throughout the new site.
More | Talk | Read It Later | Share

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

Welcome to Wopular

MoviesWithButter : Our Sister Site

More Business News