With Output Hikes, OPEC+ Again Targets US Shale Oil

Summary Previous OPEC+ attempts to slow shale oil failed US firms run out of easy fields, costs rise (Reuters) – Behind OPEC+’s plan to ramp up oil output and punish over-producing allies, group leaders Saudi Arabia and Russia are pushing a second objective: taking on U.S. shale production to win back market share from the United States. … Read more