US shale oil output surge set to influence world market in next five years

Wednesday, March 7th 2018 - 09:36 UTC

Full article 1 comment

United States shale oil output is set to surge over the next five years as drillers recover rapidly from a three-year slump, the International Energy Agency said, sharply upgrading its previous growth forecasts. A landmark deal in 2017 between OPEC and other oil producers including Russia to curb output in order to battle a global glut materially improved the outlook for other producers as oil prices rose sharply throughout the year, the IEA said. Read full article

Comments

Disclaimer & comment rules

:o))
Behind a sad country, there is always a happy oil refinery: REF:
http://slatingnews.com/american-oil-refineries-sponsored-coup-brazil/
Mar 07th, 2018 - 11:28 am - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!