Opec 'will let oil price fall below $40' - 12/10/2014
Opec 'will let oil price fall below $40' - 12/10/2014
As the price of Brent crude fell below $60 for the first time since 2009, the most powerful nations in Opec have made clear that they are willing to push prices as low as $40 a barrel in their bid to take on Russia and US shale, a high-profile Gulf oil minister said this week.
Suhail al-Mazrouei, energy minister of the United Arab Emirates, said that the organisation will let prices fall by more than $20 per barrel before they consider an emergency meeting to cut production.
"We are not going to change our minds because the prices went to $60, or to $40," he said.
Entire UK (Brent) Article:
http://www.theweek.co.uk/business/oil-price/60838/oil-price-opec-wi...
Views: 570
Replies to This Discussion
-
Permalink Reply by DellP on
-
Humor, but what price would it take for North America to go back to OPEC oil? US no longer concerned with saving the dollar as world currency? Futures Exchange sets oil prices, and so it looks like OPEC is waging a price war.
-
Permalink Reply by DellP on
-
With many news articles of: Radical Islam siezing oil fields and refineries, to support their caliphate (govt takeovers), I'm wondering if maybe NATO is cutting OPEC off. Check this out, a google search for "OPEC IS DEAD"
Edit: I've also heard rumored that the Saudis were responsible for hiring & funding 9/11.
Support GoHaynesvilleShale.com
Top Content
Blog Posts
Tuscaloosa Trend Sits On Top Of Poorest Neighbourhood For Decades - Yet No Royalties Ever Paid To The Community -- Why??
In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of) nor local residents appear to have received any compensation for the minerals extracted from their land.
This area has suffered immense environmental degradation…
ContinuePosted by Char on May 29, 2025 at 14:42
Not a member? Get our email.
Groups
-
DeSoto Parish
688 members
-
Bienville Parish, LA
246 members
-
North Caddo Parish
359 members
-
Cass County, TX
121 members
-
Nacogdoches County
193 members
-
Claiborne Parish
146 members
-
Natchitoches Parish
400 members
-
Rapides Parish
101 members
-
Fayetteville Shale
150 members
-
Harrison County
166 members
© 2025 Created by Keith Mauck (Site Publisher).
Powered by
