Sentences with phrase «keep oil prices declining»
Not exact matches
By keeping prices below the marginal cost of unconventional production (about $ 75 per barrel), OPEC hopes that expensive oil production will decline along with the fortunes of the companies engaged in these plays.
https://oilprice.com/
Neither quadrupling the price of oil and the major technological breakthrough of horizontal drilling was able to keep US 48 states light oil production from strongly declining from the 1970 peak.