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The FT’s John Authers reports from New York as shares in energy companies drop alongside a sharp fall in oil prices. Supply of oil was higher than expected, pushing prices further down.
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Oil prices are down 25 per cent since mid-June, with Saudi Arabia, Opec’s largest producer, resisting a production cut. Standard Chartered’s Paul Horsnell discusses with Anjli Raval if some members that are suffering more will be demanding action.
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