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2019-12-04 12:15:00

U.S. SHALE OVER

U.S. SHALE OVER

BLOOMBERG - For years, Opec ignored the rise of the US shale industry and came to regret its mistake. Now, the group is making another bold gamble on America's oil revolution: that its golden age is over.

When the Organisation of Petroleum Exporting Countries meets this week, ministers will discuss whether to extend their current output target, rather than reduce it, according to people familiar with the internal debate.

The reason?

They believe relentless US oil production…

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Tags: USA, SHALE, OIL
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