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  1. amoy

    Oil prices could plunge to $60 if OPEC does not cut output

    Gulf oil producers delay field maintenance to maintain output: Reuters OPEC members Saudi Arabia, United Arab Emirates and Qatar are delaying non-essential field maintenance work scheduled for the fourth quarter of this year to 2016 in an effort to keep production high amid low prices, Reuters...
  2. amoy

    Oil prices could plunge to $60 if OPEC does not cut output

    Oil price slump turns Saudi surplus into huge deficit, IMF report shows Fund tells all oil exporters to be braced for prolonged period of disruption as it predicts Gulf state’s deficit will hit 21.6% of GDP this year The full extent of the impact of slumping crude prices on Saudi Arabia’s...
  3. amoy

    Oil prices could plunge to $60 if OPEC does not cut output

    China: Oil cargoes bought for state reserve Stranded at Port Qingdao Port By Reuters 2015-10-27 09:24:58 About four million barrels of crude oil bought by a Chinese state trader for the country's strategic reserves have been stranded in two tankers off an eastern port for nearly two months...
  4. amoy

    Oil prices could plunge to $60 if OPEC does not cut output

    Now Malaysia As-salamu alaykum - See more at: Ringgit in longest decline this year on weak oil | Money | Malay Mail Online
  5. amoy

    Oil prices could plunge to $60 if OPEC does not cut output

    Can't take 2 factors out 1. domestic demand that keeps by-product exports down, imports high 2. environmental constraints - Shenzhen becomes third city to join protests over Maoming chemical plant | South China Morning Post
  6. amoy

    Oil prices could plunge to $60 if OPEC does not cut output

    Meanwhile, This Is Who Is Quietly Buying All The Cheap Oil | Zero Hedge
  7. amoy

    Oil prices could plunge to $60 if OPEC does not cut output

    @sob echoing your recommendation Chinese govt raises the fuel taxes eff. today to "stabalize prices"
  8. amoy

    Oil prices could plunge to $60 if OPEC does not cut output

    OPEC Policy Ensures U.S. Shale Crash, Russian Tycoon Says - Bloomberg So do they lock horns in a game of "mutual destruction"? $75 pb is the break-even point for American shale?
  9. amoy

    Oil prices could plunge to $60 if OPEC does not cut output

    How will a plunging oil price hurt Western and other non-resources-based economies ? Oil Prices Fall and the Global Economy Wins - Businessweek Lower prices reflect weak demand and also have been caused by a surge in the supply regardless of any conspiracy theories (Saudi-US nexus). It's...
  10. amoy

    Oil prices could plunge to $60 if OPEC does not cut output

    Indeed the price may rebound one day So take advantage of the low tide to make counter-cyclical procurements >> Petrodollars: China builds up its oil tanker fleet � The Barrel Blog By James Bourne | August 18, 2014 12:01 AM
  11. amoy

    Oil prices could plunge to $60 if OPEC does not cut output

    Renewable energy development, solar panels among others, may be hit hardest by plummeting oil price. Overall speaking a gospel. Also a good timing for most countries to build up commercial inventories and strategic stockpile.
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