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OPEC’s Strategic Oil Surge Threatens U.S. Shale Growth as Prices Tumble

NEW YORK/AUSTIN: A global shift in oil market dynamics is raising alarm across the U.S. shale sector, as the Organization of the Petroleum Exporting Countries (OPEC) increases supply in what industry leaders are calling a calculated price war. Crude oil prices have dropped by nearly 13% since April, falling to around $62 per barrel—well below […]


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