International Business Times | Saudi Arabia Says Its Flood Of Low-Cost Oil Is Hobbling US Shale Rivals International Business Times As oil prices drop to near six-year lows, the oil-producing nation has kept its taps flowing at record high volumes in an attempt to force rivals like U.S. shale drilling operations out of business. “There is no doubt about it. The price fall of the ... Oil trades above $67 as stock draws counter economic worries Oil prices fall back after jolt from Gulf tanker incident Saudi Arabia claims success in tussle for oil market share |