Research Library

Center for Energy Studies

U.S. Shale Pressures OPEC budgets

U.S. Shale Pressures OPEC budgets.

OPEC may opt to continue or deepen its oil production cuts at its upcoming May meeting, as a growing number of highly efficient U.S. shale operators now appears able to maintain oil production — and even expand it — at prices that likely are unsustainably low for many major exporters’ national budgets, writes energy fellow Gabriel Collins.