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US may cut back on oil output as prices fall below US$90

Friday, October 17, 2014 - 05:50
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The oil price is not sustainable below US$85-US$90 a barrel, said Pedro Antonio Merino Garcia, chief economist at Spanish oil firm Repsol - PHOTO: AFP
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CAN the United States maintain its rate of oil production with the drop in oil prices to below US$90 a barrel? - PHOTO: REUTERS

Singapore

CAN the United States maintain its rate of oil production with the drop in oil prices to below US$90 a barrel?

As the Brent crude oil benchmark fell to about US$83 on Thursday - hitting a fresh four-year low - economists say this could lead the US, now the second largest

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