Bloomberg | Oil Producers Need `Sustained Price Signal' Before Output Boost Bloomberg Oil has surged back from its 12-year low earlier this year, offering a flicker of hope to producers that slashed spending and shutter high-cost fields. The International Energy Agency forecasts non-OPEC production will decline this year by 700,000 ... Why Iran's Shale Oil Discovery Won't Add To The Glut 2 Reasons Why Higher Oil Prices Are on the Way |