Is OPEC Losing Its Power? US Oil Frackers Flex Production Muscles

By hellenicshippingnews There was a time when OPEC set the rules in the oil market and exercised its power to cut production and reverse a slide in oil prices. Then came fracking — a technology, which allowed oil to be extracted from places it could never have been imagined before. Some of these places were […]

Published October 15, 2015

By LizOutLoud

By hellenicshippingnews There was a time when OPEC set the rules in the oil market and exercised its power to cut production and reverse a slide in oil prices. Then came fracking — a technology, which allowed oil to be extracted from places it could never have been imagined before. Some of these places were in the ... Read full story ›

Source:: Hellenic shipping news Oil

      

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