March 13, 2018
The OPEC nations are having a tough time deciding what oil price to target because it all depends on how U.S. shale oil producers will respond.
The OPEC nations are having a tough time deciding what oil price to target because it all depends on how U.S. shale oil producers will respond.
Following the law of supply, U.S. shale oil firms will lower output because OPEC is letting price plummet but airlines on demand side like lower prices.