Saudi Arabia to U.S. Oilmen: Cut Costs or Exit the Business

The world’s most powerful oilman brought a harsh message to Houston for executives hoping for a rescue from low prices: high-cost producers — many of them sitting in the room — need to either “lower costs, borrow cash or liquidate.”

Sourced through Scoop.it from: www.bloomberg.com

See on Scoop.itOil and Gas Development in Lebanon and East Mediterranean

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