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The 'New Reality' Of Low Oil

Nobody seems willing to cut back when it comes to oil production around the world. Countries like Saudi Arabia and Russia try to balance their budgets with oil hovering around $35 a barrel, while Shell plans to lay off 2,800 employees after its takeover by BG.

Nobody seems willing to cut back when it comes to oil production around the world. Countries like Saudi Arabia and Russia try to balance their budgets with oil hovering around $35 a barrel, while Shell plans to lay off 2,800 employees after its takeover by BG.