New Balance of Power in Oil Production

Major oil-producing countries and companies are assessing the decrease in crude oil prices and discussing what action to take. This article cites the paper "Effects of Low Oil Prices on U.S. Shale Production: OPEC Calls the Tune and Shale Swings," by Jim Krane and Mark Agerton.

Click here to read the full article in the April 23, 2015, New York Times.