B0
Renewability versus Sustainability
Crude oil commodities have mostly been an optimistic investment market for the better part of a century. Given that the sporadic turmoil...
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WTI 68.54
BRENT 70.59
OPEC 71.32
WCS 56.40
MARS US 66.84
NAT GAS 2.654
.ORG
Low oil prices give a tough time to shale oil
In light of the new reduced international oil prices, north American shale has a lesser profit margin. As shale oil in north American usually break even around 40 dollars/barrel, there could possibly be budget cuts which could further induce negative market speculation. Shale drillers are hoping for an increase in oil prices at-least to the 60s to ensure operational and market stability.
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