OEF Rapid Review Articles
OPEC is not the name it was compared to the early 1970s when it controlled more than 50% of global market share. Its recent deal to cut production has kept the oil price above $50 a barrel, but gains will be effectively capped once low-cost shale producers ramp up production again. And this is happening when oil is waning in importance in the global energy mix; when U.S. domestic production has almost doubled because of the shale revolution; and when Canada has become the major supplier of oil to the U.S.
LINK TO THE SOURCE ARTICLE:
How U.S. Oil Imports Have Changed Over The Last Decadeack?
LINK TO THE SOURCE ARTICLE:
How U.S. Oil Imports Have Changed Over The Last Decadeack?