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Tag "Shale Oil"

OPEC asks US to cut oil output and prosper global economy

    OPEC asks US to cut oil output and prosper global economy

The Organisation of Petroleum Exporting Countries (OPEC) has called on US shale oil drillers to cut output for the prosperity of global economy. In its monthly oil market report (MOMR),

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US shale oil ‘wakes up’ to frustrate rising crude prices

    US shale oil ‘wakes up’ to frustrate rising crude prices

The resilience of the US shale is set to frustrate the Organisation of Petroleum Exporting Countries (OPEC) and inevitably the Nigerian economy. In 2016, Ali Naimi of Saudi Arabia told

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