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OPEC losing shale oil war

The quest by the Organisation of Petroleum Exporting Countries to surmount the threat of shale oil may be far from reality going by the recent developments in the global oil market. Indeed, the price crash scenario and the steady output ...

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Oil War Breaks Out with Slump on Oil Price

Oil War Breaks Out with Slump on Oil Price

Domestic oil price is faced with six consecutive depreciation at present. This is unusual in recent years.    It is commonly regarded that drops of oil price is related to the market. Goldman Sachs insisted that as a bulk commodity, ...

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