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The Technical Failure That Could Clear The Oil Glut In A Matter Of Weeks

Green Car Congress

JULY 16, 2017

Saudi Aramco CEO Amin Nasser, while addressing the World Petroleum Congress in Istanbul, stated that the outlook for oil supplies is “ increasingly worrying ”, due to a loss of $1 trillion ($1,000 billion) in investments last year. Its drive to increase overall gas production will also be based on a two-fold approach.

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Oil Libya Nigeria Qatar 186
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Oil Prices Running Out Of Reasons To Rally

Green Car Congress

JANUARY 13, 2017

Oil prices faltered at the start of the second week of the year, as fears set in about a rapid rebound in US shale production. The OPEC deal is slated to take oil off the market, while US drilling is expected to add new supply. It is unclear, at this point, how rising US supply and falling OPEC output will ultimately balance out.

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Oil Prices Oil Price Saudi Arabia 150
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