Tag Archives: OPEC
U.S. Oil Drillers Keep Pressure on OPEC With Record Shale Output
Oil output from major U.S. shale plays is poised to reach a fresh record next month, further complicating OPEC’s efforts to support prices. The gain is being led by the oil-rich Permian basin of Texas and New Mexico, where production has … Continue reading
OPEC Keeps Focus on Shale Threat as Officials Meet in Vienna
OPEC officials gathering in Vienna on Friday to prepare for next week’s ministerial meeting kept their focus on rising U.S. shale oil production, which has been diluting the price impact of their production cuts. More… | Bloomberg News
Posted in Economy/Economics, Energy, International News
Tagged OPEC, Production Cuts, Shale Oil, US
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