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2016-05-25 20:40:00

SAUDI BURYING OPEC

SAUDI BURYING OPEC

Saudi Arabia, one of the founders of OPEC, is sounding the group's death knell.

The world's biggest crude exporter has already undermined OPEC's traditional role of managing supply, instead choosing to boost output to snatch market share from higher-cost producers, particularly U.S. shale drillers, and crashing prices in the process.

Now, under the economic plan known as Vision 2030 promoted by the king's powerful son, Deputy Crown Prince Mohammed bin Salman, the government is signaling it wants to wean the kingdom's economy…

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Tags: SAUDI, OIL, PRICES
Chronicle:
SAUDI BURYING OPEC
2019, August, 16, 10:10:00
MALAYSIA'S GDP UP 4.9%
Malaysia's central bank data on Friday showed second quarter gross domestic product grew 4.9% year-on-year, beating the 4.8% forecast
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2019, August, 14, 12:25:00
OIL PRICE: NEAR $61 YET
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2019, August, 14, 12:20:00
CHINA'S OIL THROUGHPUT UP 5.6%
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SAUDI BURYING OPEC
2019, August, 14, 12:15:00
MENA ENERGY INVESTMENT: $859 BLN
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2019, August, 14, 12:10:00
INDONESIA NEED INVESTMENT $15 BLN
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SAUDI BURYING OPEC
2019, August, 14, 12:05:00
IBERDOLA SALES WIND: $2 BLN
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2019, August, 14, 12:00:00
AUSTRALIA'S CLIMATE CASH $339 MLN
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