Goldman Says Saudis Wrong to Rule Out U.S. Shale Oil Rebound

Goldman Says Saudis Wrong to Rule Out U.S. Shale Oil Rebound

December 12, 2016
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By hellenicshippingnews Saudi Arabia is wrong to think that U.S. shale production won’t respond to higher oil prices in 2017, according to Goldman Sachs Group Inc. While crude may rise to over $60 a barrel if OPEC members and other nations cut production as promised, a rebound in U.S. shale output would bring prices back to $55, … Read full story ›

Source:: Hellenic shipping news Oil