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Top 12 media myths on global oil prices

The upstream oil and gas industry is not a black hole. There’s no mystery wrapped in an enigma here. There are a lot of meetings with engineers, chemists and geologists. There’s a constantly evolving learning curve. And then there’s all ...

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ONGC looks to maximize benefits as global oil prices crash

NEW DELHI: Oil and Natural Gas Corporation is reaping the benefits of oil price crash that has made oil field services much cheaper even as it has slashed profits and hit capital spending plans at many petroleum firms. The state-run explorer recently ...

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Global oil prices won’t exceed USD 60 a barrel in 2015

Mr Dmitry Gvindadze, a leading economist of the European Bank for Reconstruction and Development, said that in 2015, world oil prices will range within USD 50 to USD 60 per barrel. Mr Gvindadze said that “In my opinion, this year, ...

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