Home › OPEC call hurting US shale sector
 

Keywords :   


OPEC call hurting US shale sector

2015-03-08 13:01:00| Climate Ark Climate Change & Global Warming Newsfeed

Geelong Advertiser: OPEC's top official has said that the cartel's decision to keep pumping crude in the face of collapsing prices was hurting the US shale oil industry and that a global pullback on investment could lead to a shortage that will push the market upward again. "Projects are being cancelled. Investments are being revised. Costs are being squeezed," Abdalla Salem el-Badri, the secretary general of the Organization of the Petroleum Exporting Countries, said at the Middle East Oil and Gas conference in...

Tags: call sector hurting opec

Category:Electronics and Electrical

Latest from this category

All news
»
02.11Tropical Storm Lane Graphics
02.11Subtropical Storm Patty Graphics
02.11Tropical Storm Lane Forecast Discussion Number 4
02.11Subtropical Storm Patty Wind Speed Probabilities Number 2
02.11Summary for Tropical Storm Lane (EP3/EP132024)
02.11Subtropical Storm Patty Public Advisory Number 2
02.11Subtropical Storm Patty Forecast Advisory Number 2
02.11Subtropical Storm Patty Update Statement
More »