You are here
US may cut back on oil output as prices fall below US$90
The oil price is not sustainable below US$85-US$90 a barrel, said Pedro Antonio Merino Garcia, chief economist at Spanish oil firm Repsol - PHOTO: AFP
CAN the United States maintain its rate of oil production with the drop in oil prices to below US$90 a barrel? - PHOTO: REUTERS
Singapore
CAN the United States maintain its rate of oil production with the drop in oil prices to below US$90 a barrel?
As the Brent crude oil benchmark fell to about US$83 on Thursday - hitting a fresh four-year low - economists say this could lead the US, now the second largest
GAIN ACCESS TO ALL BT PREMIUM CONTENT:
Or get a 2-week FREE trial
Need help?
- CALL +65 6388 3838
- EMAIL btocs@sph.com.sg
