It’s a devastating blow for an oil cartel that had been slowly fracturing for years amid the US shale oil boom.
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Many financial institutions are only just ahead of the curve for properly identifying suspicious activity.
After roughly two straight years of production cuts to prop up falling prices, the oil cartel’s newest problem is a shrinking market share.
With oil in decline, Masdar, the United Arab Emirates state-backed renewables company, is on an acquisition shopping spree.