OPEC’s ideal price is $60 to avoid shale oil revival

December 12, 2016 / By Surprise Valley Resources

Oil prices at $60 a barrel would be “ideal” for OPEC as higher levels risk sparking a recovery in competing supplies from the U.S., according to Nigeria’s petroleum minister. The “urgency” felt by the Organization of Petroleum Exporting Countries and its partners to end the oil rout will ensure they adhere to their Dec. 10 …
Source: FuelFix