Royal Dutch Shell Plans to Invest More on Oil-Rich Shale

Royal Dutch Shell, the biggest energy company in Europe, will focus more of its U.S. investment in oil-rich shale due to lower prices of natural gas. Peter Voser, the company’s CEO, expressed in a Bloomberg interview that it is moving its U.S. investment to shale. However, he said that it will grow its U.S. investment for shales that are rich in oil since the company considers this ¬†an...
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OPEC Secretary-General Warns of Unstable Crude Prices with EU’s Iranian oil Embargo

Abdalla el-Badri, secretary-general of the Organization of the Petroleum Exporting Countries (OPEC), recently cautioned of unstable crude oil prices as the market adjusts to the European Union’s decision to embargo imports of Iranian oil. In a London interview, he said that countries comprising the European Union will take a while before finding a substitute for the 500,000 barrels of oil...
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