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11/21/2017
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war
Oil in New Era as OPEC Refuses to Yield to U.S. Shale - Bloomberg - OPEC’s decision to cede no ground to rival producers underscored the price war in the crude market and the challenge to U.S. shale drillers.The 12-nation group abandoned its role as a swing producer, ignoring the steepest slump in oil prices since the global recession to keep its output target unchanged. Yesterday’s decision in Vienna propelled futures to the lowest since 2010, a level that means some shale producers may lose money.
From Nony


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