(Bloomberg) — OPEC is sending a clear message to Wall Street banks and big investors: If Washington passes legislation that would allow the U.S. government to sue the cartel, the first victim will be shale.
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Most major investment banks are forecasting a rebound in oil prices in 2019. Price forecasts vary widely, but most have both WTI and Brent above current spot prices.
Read MoreThe Wall Street Journal reported that shares of BHP Billiton (NYSE:BHP) fell sharply on Monday following news that the Brazillian government would sue both BHP and Vale over tailings dam disaster at the miners’ jointly owned iron-ore mine in Brazil in November.
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