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