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

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 […]