Prices drop as shale output revives

摘要

1. Global prices fell as rising US output offset expectations that Opec and non- Opec countries will extend their 1.8mn b/d production cuts beyond June. Atlantic basin benchmark North Sea Dated dropped by $2.24/bl to $51.25/bl in the two weeks to 20 April, while US marker May WTI shed $1.43/bl to $50.27/bl.