Another reason for giving thanks: A boom in U.S. shale oil production and weaker economic growth in China and Europe have already sent crude prices down by about a third since June. ... It is a new world for OPEC because they simply cannot manage the market anymore. It is now the market’s turn to dictate prices and they will certainly go lower, said Dr. Gary Ross, chief executive of PIRA Energy Group.
Posted on: Fri, 28 Nov 2014 00:27:47 +0000
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