U.S. Oil Producers’ Resilience Will Likely Force OPEC to Sustain Cuts
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.
Gabriel Collins April 17, 2017