Economist: US Oil Production Has Been Growing Rapidly and Big Increases Expected


Economist: US Oil Production Has Been Growing Rapidly and Big Increases Expected

Saudi Energy Minister Khalid Falih said that the draft of an OPEC-non-OPEC indefinite cooperation charter is expected to be presented in the next two weeks. Sputnik discussed the OPEC-non-OPEC cooperation charter with Rajiv Biswas, Asia-Pacific chief economist at IHS Markit.

How important is the OPEC-non-OPEC indefinite cooperation charter and what’s its main significance?

Rajiv Biswas: This alliance between OPEC and non-OPEC producing countries, established since the end of 2016, has played quite an important role in helping to stabilize the oil market.  Read more

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