US Shale Looms Over Russia-Opec Deal

摘要

Questions over the price at which US shale will survive in global crude oil markets could be a significant hurdle to any agreement for a global production cut amid speculation a deal is being discussed between Opec and Russia, US officials say (IOD Jan.29'16). If Opec and Russia managed to coordinate a price-boosting production cut, they could still face the prospect of US shale output rising quickly in response to higher prices, said Amos Hochstein, the US State Department's envoy for international energy affairs.