Wednesday, August 21, 2019

US shale oil ends OPEC hegemony

US shale oil industry disrupts OPEC strategy to reduce oil production in order to increase oil prices.
OPEC admits in World Oil Outlook 2040 that it has lost control about price mechanism on oil.

https://www.opec.org/opec_web/flipbook/WOO2017/WOO2017/assets/common/downloads/WOO%202017.pdf 

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