Reuters | Saudi Arabia's $80 Oil Target Could Backfire | OilPrice.com OilPrice.com Saudi Arabia's $80 oil target could incentivize drillers to ramp up production while negatively impacting global crude demand. Oil steady, near three-year highs on Syria tensions, tighter supply OPEC sees higher 2018 oil supply from rivals, stronger oil demand OPEC sees oil markets tighten further even as US shale booms |