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Topic: OPEC: $60 Ideal Price To Avoid Shale Oil Revival – Kachikwu  (Read 1208 times)

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OPEC: $60 Ideal Price To Avoid Shale Oil Revival – Kachikwu
« on: December 13, 2016, 01:02:19 PM »
OPEC: $60 Ideal Price To Avoid Shale Oil Revival – Kachikwu

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has described the ideal price for crude oil to be at $60 a barrel for the Organisation for Petroleum Exporting Countries, OPEC, stressing that a higher price risk sparking a recovery in competing supplies from the U.S. shale oil. The minister stated this while speaking...

Source: OPEC: $60 Ideal Price To Avoid Shale Oil Revival – Kachikwu
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