OEF Rapid Review Articles
After the biggest oil-market deal in a decade, OPEC faces a new balancing act in 2017: boosting prices without igniting shale. But the biggest threat to OPEC’s plan could come from within: if Nigeria and Libya were to reach their potential next year, then their additional barrels would almost wipe out OPEC’s supply cuts; and Iran could be making up for several years of sanctions. Another challenge could come from the now leaner and more efficient U.S. drillers – a bigger boost in prices could mean a million-barrel shale surge.
LINK TO THE SOURCE ARTICLE:
Spectre Haunts OPEC Deal: How Fast Will U.S.Shale Come Back?
LINK TO THE SOURCE ARTICLE:
Spectre Haunts OPEC Deal: How Fast Will U.S.Shale Come Back?