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The ideal oil price to reactivate production is not US$50

Monday, August 1st, 2016 Category: Regulations & Policy

Oil companies have said that they need a price per barrel of US$50 to reactivate the industry. Recently it has changed.

Despite many firms have reduce costs, the sector has risen to US$60 the ideal crude price to reactivate oil production, according to an article in Economia Hoy.

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