| Oil prices at $50 won’t allow shale oil and other higher-cost producers to lift supply to levels that hinder market recovery, Saudi Arabia’s oil minister said. Prices need to be at level above $50 a barrel for more crude supplies to come back to the market following a slump over the past two years, Khalid Al-Falih, Minister of Energy, Industry and Mineral Resources, said.
"I talk to a lot of industry executives and board members. I don’t think you are going to see a rush back into investments at $50," he said...............................................Full Article: Source
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