Shale’s 10m b/d production threatens OPEC’s cut agreement

Shale’s 10m b/d production threatens OPEC’s cut agreement

OpeOluwani Akintayo 11 February 2018, Sweetcrude, Lagos —  OPEC’s oil cut agreement with Russia and others might be under serious threat as data from the U.S Department of Energy, DoE showed shale’s daily oil production above 10 million barrels a day for the first time since 1970. A breakdown pegs the country’s production to a …

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Shale’s 10m b/d production threatens OPEC’s cut agreement Shale’s 10m b/d production threatens OPEC’s cut agreement Reviewed by Crude Oil Brokers Limited on 15:20 Rating: 5

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