"Oil Climbs to Two Month High on Speculation OPEC Will Cut Output Further"
Crude oil rose to a two month high in New York on speculation the Organization of Petroleum Exporting Countries will decide to reduce output when ministers gather in Vienna on March 15....Complete Story
"Oil Industry Strives to Limit Its Layoffs"
As oil companies cut costs amid slumping energy prices, they are determined not to repeat the mistakes of the 1980s oil bust, when mass layoffs left the industry ill prepared for the eventual rebound....Complete Story
"Oil at $50 Looms Amid Prospects for More Restictions on OPEC Production"
OPEC’s record production cuts are draining the glut in world oil markets, leading traders to bet that $50 crude is two months away....Complete Story
"OPEC: Current Oil Prices Cannot Guarantee Future Market Stability"
OPEC is expected to lower production at its upcoming meeting. The OPEC Secretary General recently reported that the current excessively low oil prices cannot guarantee its long term stability in the crude market....Complete Story
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