U.S. Drillers Need $60 Oil to Stage Real Comeback, IEA SayBy
Number of active rigs 75 percent below October 2014 peak
IEA reiterates view U.S. shale oil output to fall this year
While shale drilling in the U.S. is on the rise again, prices need to climb nearer to $60 a barrel for U.S. producers to have a “substantial” boost in activity, the International Energy Agency said.
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