Theoilindustry’sbiggestnamesgatherthisweekatCERAWeek,thelargestenergyindustryget-togetherintheAmericas,atatimewhenUSshaleproductionisbooming,globaldemandisrisin
Americanoilproductionisapproachingrecordlevelsagain,ledbyshaleprojects,potentiallyfoilingeffortsbyOPECtosupportprices.OilpriceswereboostedthisweekafterSaudiArab
It was a moment U.S. shale oil producers have been waiting on for more than two years: OPEC nations finally agreed to cut production on Wednesday in a move that lifted low prices ravaging their budgets.
U.S. energy analysts have drawn a rosy picture for one of the country's largest shale areas, predicting more reserves of crude oil.
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