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plunge so far this year to the lowest since 2003 prices will likely drop further to 20 a barrel or below
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2020 Russia better prepared than Saudis to wage oil price war Economic Times commentary; India; March
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The deep crash in global oil prices has prompted Australia listed oil and gas producer Oil Search to slash
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on Wall Street where banks have been lifting their long term price forecasts often by 10 or more While
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markets with oil at prices as low as 25 per barrel specifically targeting big refiners of Russian oil
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gyrations in prices After hitting the lowest level since September on Nov 28 Brent crude then ended up
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said An OPEC meeting to try to end the price war is not going ahead on April 6 as previously expected
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comfortable” with a price of 30 a barrel Aramco said last week it would raise its output in April to a record
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2020 China is saving about 250 million a day with low oil prices Bloomberg; March 24 As the U S finds
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Goldman Sachs says price war could drive crude into the 20s Bloomberg; March 8 OPEC and Russia have
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market the world’s most important oil price just smashed through 100 a barrel with every sign it is going
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2020 Russian paid a price for misjudging the market and Saudi Arabia Bloomberg; April 13 – Russian
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Asian LNG buyers getting more aggressive in price reviews Australian Financial Review; July 15 Woodside
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2015 Global oil traders say worst is over for low prices http: www bloomberg com news articles 2015 04
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S LNG exports add to global shift away from oil linked pricing Financial Times; London; May 28 When
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4 2016 Chevron offers lower prices to win buyers for unsold Gorgon LNG Reuters; Feb 1 Chevron
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27 2020 Crude oil prices fall 7 to 8 for third weekly decline in a row Reuters; Jan 24 Crude prices
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2020 Analysts say Iranian retaliation will determine oil pricing CNBC; Jan 3 Oil spikes above 100 a
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barrels a day starting to partially reverse draconian output cuts enacted to stem a sharp price decline
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cost of had grown to more than 16 billion As the cost was going up however shale gas was pushing prices