U.S. Shale Oil Output Seen Surging If Crude Reaches $60 a Barrel

U.S. Shale Oil Output Seen Surging If Crude Reaches $60 a Barrel

October 12, 2016
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By hellenicshippingnews Crude at $60 a barrel would probably trigger a strong increase in North American oil output, the head of the International Energy Agency said, amid signs that OPEC members and Russia may be edging toward an agreement to limit production. Benchmark Brent crude hit a one-year high above $53 a barrel on Monday when President … Read full story ›

Source:: Hellenic shipping news Oil