HOUSTON, Sept 29 (Reuters) - It was a moment U.S. shale oil
producers have been waiting on for more than two years: OPEC
nations finally agreed to cut production on Wednesday in a move
that lifted low prices ravaging their budgets.
SYDNEY, Sept 29 (Reuters) - Power was restored to the state
of South Australia on Wednesday after storms a day earlier
caused an unprecedented statewide blackout which disrupted
operations at mining majors like BHP Billiton, closed
ports and halted public transport.
SEOUL, Sept 29 (Reuters) - South Korean conglomerate Lotte
Group, the subject of a wide-ranging corruption investigation,
is still intent on seeking an initial public offering for its
Hotel Lotte arm, but can only proceed with the plan after
prosecutors conclude their probe, a spokesman said on Thursday.
LAUNCESTON, Australia, Sept 29 (Reuters) - Under-promise and
then over-deliver is a well-worn tactic to boost one's fortunes,
with OPEC's somewhat woolly promise to cut crude oil output the
latest example of this strategy.
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