Tag: Shale

Oil Prices Fall on Fears of U.S. Shale Production Increase Combined with Weariness of OPEC Deal

Oil Prices Fall on Fears of U.S. Shale Production Increase Combined with Weariness of OPEC Deal

Despite optimism experienced in previous trading sessions regarding the OPEC supply cuts ironed out in the November oil production deal last year, fears of a U.S. shale production increase¬†combined with an apparent rise is scepticism regarding OPEC's capacity to maintain the promised production cuts have pushed oil lower. Brent crude oil, the global benchmark had … Continue reading Oil Prices Fall on Fears of U.S. Shale Production Increase Combined with Weariness of OPEC Deal

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