Dip in prices throws up as many imponderables for shale oil producers as well. When oil prices collapsed in 1986 from $28 (Dh103) a barrel (for the Opec reference crude Arab Light) to less than $10 a barrel in just a few months, we were told the battle for market share with non-Opec producers was joined. I was just starting my new job at the Opec Secretariat and one of the apo
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As oil prices have tumbled, one question has reverberated around the market: what is Saudi Arabia up to? Little restraint has been shown by some energy market watchers in their commentary on the recent sell-off and the role played by Opec’s biggest producer. The 25 per cent fall in the price of Brent crude since mid-June, to almost four-year lows, they say, is the result of a
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Vision Statement “Developing a viable and thriving national private sector, that is regionally competitive and globally integrated, led by the business community, which contributes to economic diversification, sustainable development and job creation.” TABLE OF CONTENTS FOREWORD ....................................................................................................
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London (CNN) -- Luay al-Khatteeb spoke to CNN about the impact of ISIS' march through northern Iraq, and the militant group's control of some oil fields. He explained how they used the oil fields to raise funds, and how it could impact global prices. This is an edited version of the conversation. How much of Iraq's oil market do ISIS control? ISIS control just a few marginal
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Hundreds of tankers wait to cross into Iran in one of several lots near the Parwezkhan border crossing in Diyala province, Nov 6, 2013. The fuel and oil trade has long been active. () TUZ KHURMATU - Since invading huge swaths of northern and central Iraq, the Islamic State of Iraq and al-Sham (ISIS) has been smuggling increasing amounts of crude scavenged from Iraq's s
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