The oil price downturn is now 3½ years old, but it didn't gather devastating momentum until OPEC's fateful Thanksgiving day meeting in 2014. During that meeting, Saudi Arabia, OPEC's biggest producer and the world's top exporter, refused to cut production to kill a global oil glut and stop a five-month slide in prices.
Jan 10, 2018
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Nov 28, 2014 · Oil prices have been dropping sharply over the past three months — a huge energy story with major repercussions for dozens of countries, ...
Jan 18, 2018 · The 2014-16 collapse in oil prices was driven by a growing supply glut, but failed to deliver the boost to global growth that many had expected.
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Nov 28, 2014 · Oil prices came crashing down Thursday to trade below $70 per barrel after OPEC announced it was leaving oil production levels unchanged.
Nov 27, 2014 · Brent oil fell more than $6 to $71.25 a barrel after OPEC ministers meeting in Vienna left the group's output ceiling unchanged despite huge ...
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Nov 28, 2014 · Crude oil prices have fallen 30% since June on sluggish global demand and rising production from the US. The fall in the oil price has been ...
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Nov 22, 2018 · Recent price actions in the oil market have begun to haunt OPEC as it did before Thanksgiving 2014.
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Dec 23, 2015 · The Grinch nearly stole Christmas in the oil patch this year.
oil fell $2.05 to $48.06 and Brent crude fell $2.13 to $48.78. Gas was $2.29 on June 30, the lowest for the July 4 holiday in 13 years.
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Duration: 10:09
Posted: Jul 31, 2022
Posted: Jul 31, 2022
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