Hail Shale: OPEC Is Losing The Global Oil Game

via Climate Change Dispatch
http://ift.tt/2jXMFWN

The prospect of rising US shale production threatens to undermine the efforts of OPEC, which now looks at risk of having ceded market share for no substantial price gain. –Jesse Snyder, Financial Post, 11 March 2017 Oil settles at the lowest level since November as record U.S. crude inventories and a boost in drilling activity […]

via Climate Change Dispatch http://ift.tt/2jXMFWN

March 14, 2017 at 01:04AM