Oil shale boom will keep rocking world crude price
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Posted On: 03/10/2019 11:03:26 AM
Oil shale boom will keep rocking world crude prices as US moves closer to becoming net exporter
PUBLISHED 2 HOURS AGO
Patti Domm
@PATTIDOMM
KEY POINTS
The US is now the world’s largest oil producer, surpassing Saudi Arabia and Russia, and that has made the crude market more volatile.
The policies of President Donald Trump and sanctions on two OPEC members, Venezuela and Iran, also have been key factors in price swings.
The US is now producing more than 12 million barrels a day and is on pace to become a net exporter within a few years, a growth story that is a ‘seismic event’ for the economy, according to IHS Markit vice chairman Daniel Yergin.
https://www.cnbc.com/2019/03/10/oil-shale-boo...crude.html
PUBLISHED 2 HOURS AGO
Patti Domm
@PATTIDOMM
KEY POINTS
The US is now the world’s largest oil producer, surpassing Saudi Arabia and Russia, and that has made the crude market more volatile.
The policies of President Donald Trump and sanctions on two OPEC members, Venezuela and Iran, also have been key factors in price swings.
The US is now producing more than 12 million barrels a day and is on pace to become a net exporter within a few years, a growth story that is a ‘seismic event’ for the economy, according to IHS Markit vice chairman Daniel Yergin.
https://www.cnbc.com/2019/03/10/oil-shale-boo...crude.html
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