Larry Elliott: Tuesday 22 December 2015
The investment bank Goldman Sachs has said that it could take a drop to as little as $20 a barrel for supply to adjust to demand.
However, Shell said on Monday that it is pressing ahead with its $60bn takeover of BG Group despite doubts among some shareholders about the deal’s viability given the falling oil price.
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RELATED: Oil producers prepare for prices to halve to $20 a barrel
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