OPEC deal doomed as U.S. eats into Middle East’s Asian market, ING says
By Seeking Alpha Brent crude oil could slide below $60/bbl as a surge in U.S. shipments to Asia threatens to undermine the production cut deal between OPEC and its allies, according to ING analysts, in contrast to bullish views from Goldman Sachs and others who see prices supported as strong demand soaks up supply from the U.S.