The report said a price recovery is expected to cause the most pain among companies drilling in the United States, who rely mostly on hydraulic fracturing, which isn't profitable unless the average global price of oil is around $ 60 per barrel. (oilprice.com)
Mr Brown is also expected to call for greater stability in the global price of oil in order to prevent another period of rising prices as occurred last year with oil trading at $ 150 a barrel at one point. (politics.co.uk)
But as their colleagues at CNN have explained, U.S. policies have little impact on the global price of oil. (mediamatters.org)