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U.S. shale drillers show restraint as oil prices rally, adding to OPEC leverage

Oct 6, 2021

World Oil


HOUSTON (Bloomberg) – U.S. shale oil production will expand at a “modest rate” over the next 18 months even as prices touch multiyear highs, according to BloombergNEF, leaving OPEC in a powerful position as the world cries out …

The post U.S. shale drillers show restraint as oil prices rally, adding to OPEC leverage appeared first on Oil & Gas 360.

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