In this week’s headlines, California sues to halt offshore oil fracking, experts anticipating that $50 oil will stay with OPEC deal, and what the OPEC deal means for international trade flows.

1. California Sues to Block Offshore Oil Fracking

California Attorney General Kamala Harris filed suit Monday to block oil fracking off the coast of California. The complaint specifically challenges a federal environmental assessment that clears the way for drillers to resume the controversial method of oil exploration. (The Orange County Register)

2. $50 Oil Is Here to Stay If OPEC Sticks to its Deal

Leading industry experts say prices should stay above $50 if oil producing nations stick to their guns and cut supply by nearly 1.8 million barrels per day. (CNN Money)

3. How Global Oil Flows Might Look After OPEC’s Supply Shock

OPEC’s quest to end a global crude glut already snapped a two-year slump in oil prices. Now attention is turning to how the group’s surprise decision to cut output will transform international trade flows of the world’s most important commodity. (Bloomberg)