Post Tagged with: "permanent consumption losses"

Source: Reuters

Column: Oil price spikes and permanent consumption losses

Reuters


LONDON – Promises by U.S. shale producers to pursue a more restrictive approach to capital investment and production seem to have emboldened Saudi Arabia and its allies in OPEC+ to test the room for higher oil prices.

If shale …

March 9, 2021 - 10:30 am Closing Bell Story‎, Crude Oil News, Energy News, OPEC