March 27, 2017
Al Jazeera
| Middle East | fossil fuels: prices
Analysts discuss the state of oil with presenter Hazem Sika after OPEC and non-OPEC ministers met to discuss regulating prices given unlimited U.S. shale oil. In the last decade, prices have fluctuated between $30 to $145. OPEC will cut production by 1.2 mbpd and non-OPEC producers by .6 mbpd to keep prices at around $50. [24:49]