The crash in oil prices has resulted in big cuts in investment in spending on new expedition and production.
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ATTENTION DAILY: A meeting between the top oil producer of the OPEC group, Saudi Arabia, and non-members Russia and Mexico failed to reach an offer to cut output. The summit happened in advance of the OPEC conference which starts on Thursday, where the oil-producing countries will certainly discuss output levels as costs continue to move. Also today, the United States weighs in on the European Union’s inquiry into Google.
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