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Trouble brewing for Opec as once costly deep-sea oil turns cheap

Thursday, June 1, 2017 - 05:50

Singapore

REPORTS of deep-sea drilling's demise in a world of sub-US$100 oil may have been greatly exaggerated, much to Opec's dismay.

Pumping crude from seabeds thousands of feet below water is turning cheaper as producers streamline operations and prioritise drilling in core

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