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Oil prices have fallen because of more bad economic news and after Opec hinted it would not cut oil production soon. US light, sweet crude fell more than $1 to $55.93 a barrel. Brent crude lost 52 cents to $53.72. Investors fear demand for oil will be hurt as more countries slide into recession, with Japan’s economy the latest victim. Prices were also hit after Opec’s president downplayed the chance of a November output cut. “[Opec president] Chakib Khelil basically said that they will not cut on 29 November,” said Dave Ernsberger, Asia director of global energy information provider Platts in Singapore. Earlier it was reported Iran would call for a cut of between 1m and 1.5m barrels a day when the oil cartel meets in Cairo later this month. But Mr Khelil said Iran’s call was a “wish”. The oil cartel decided in October to cut production by 1.5m barrels a day, but this has not stopped world oil prices from falling further. They have dropped more than 60% since their record highs of nearly $150 a barrel in July. Japan’s economy has entered its first recession since 2001 after shrinking by 0.1% in the third quarter. |
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This is not a Shell website. That fact should be abundantly plain from the overall content of this home page and our sister Shell focussed websites, including shellnazihistory.com. Click on the Disclaimer link at top of this page for more information. You Can Be Sure Shell does not endorse or approve of this website. There are no subscription charges nor do we solicit or accept donations. No advertising is accepted. It is an entirely free to use non-commercial website drawing attention to the negative side of Shell. The Shell logo image with the white text used on this website, as per the above example, is in the public domain because its copyright has expired and its author is anonymous. It can be found here on WIKIMEDIA COMMONS. Use this link for Shell’s own website.
SHELL PROPPED UP APARTHEID
ARTICLE: U.S. unions urge boycott of Shell to fight apartheid: 19 Jan 1986
ARTICLE: Shell, South Africa and Apartheid: 16 Oct 2012
ARTICLE: Shell propped up racist apartheid regime in South Africa: 24 Nov 2012
ARTICLE: The Neptune Strategy:Shell, propped up Apartheid in South Africa: 26 Nov 2012
ARTICLE: Shell accused of benefiting from South African apartheid-era land law: 21 March 2013
ARTICLE: THE CAMPAIGN TO END APARTHEID: 12 Dec 2013
RELEVANT PAGES FROM "A HISTORY OF ROYAL DUTCH SHELL, VOLUME 3, PUBLISHED IN 2007. PREPARED BY SHELL'S PAID HISTORIANS. DEALS WITH SHELL'S SUPPORT FOR APARTHEID
SHELL TOXIC BRANDS
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