Oil would have to hit $60 to $65 per barrel to restore US output by 1 million barrels per day while improving investor returns, said Raoul LeBlanc, a vice president at data provider IHS Markit.
In a letter on Tuesday, Amazon asked Indian stock exchanges BSE and NSE to suspend their review of the deal in light of the ongoing Singapore arbitration.
It expects the oil market to be in deficit for the remainder of the year, peaking at 2.3 million bpd in September, or nearly 3% of global oil supplies for that month.
"SHUAA Capital has managed to pull off a complex restructuring program effectively giving the company a new lease of life," Elias Nassif, chief executive of SMG said.
"The nature and extent of information that has been potentially accessed is still being determined, but it may include some commercially and personally sensitive information," he added.