Fast-rising U.S. shale oil output puts OPEC cut at risk – Rystad

Fast-rising U.S. shale oil output puts OPEC cut at risk – Rystad

April 28, 2017
|
0 Comments
|

By hellenicshippingnews.. Shale oil output in the United States is rising much faster than expected and gaining market share globally, increasing the risk of a “volume war” with OPEC and weaker oil prices, the founder of oil and gas consultancy Rystad Energy said. Rystad Energy expects U.S. shale oil output to grow by 100,000 barrels per day … Read full story ›

Source:: Hellenic shipping news Oil