OPEC ponders how to co-exist with US shale oil

OPEC ponders how to co-exist with US shale oil

First, they ignored each other. Then, they went into a bruising fight. Finally, they are talking, albeit with opposing agendas.

The history of the relationship between OPEC and the US shale oil industry has evolved a great deal since the cartel discovered it had a surprise rival emerging in a core market for its oil around five years ago.

US shale bankers came to Vienna this week and OPEC is readying a trip for its top officials to Texas in a bid to understand whether the two industries can co-exist or are poised to embark on another major fight in the near future. Read More…




Credit By: ABS CBN News

2 Responses to "OPEC ponders how to co-exist with US shale oil"

  1. Johng180   June 6, 2018 at 12:00 pm

    This actually answered my drawback, thank you! ccekcfgedegd

  2. Smithk673   June 6, 2018 at 12:03 pm

    I truly appreciate this article.Really thank you! Fantastic. dedgadkaedkdfcdb


Leave a Reply

Your email address will not be published.