RE: Oil Price News27 Jul 2018 19:50
Hawky, The Saudis, won't want oil back at $45, They still need to get the Aramco deal sorted, they are already having problems, I see they've brought JP Morgan and Morgan Stanley in to sort it.
IMO I think we'll see oil nearer $80 for a good while yet.
And also the lack of investment over the the last ten or so years will start to bite soon, if not already doing so. ATB