Similar Stories to Inside Opec Room, Naimi Declares Price War On U.s. Shale Oil on Bing News

VIENNA (Reuters) - Saudi Arabia's oil minister told fellow OPEC members they must combat the U.S. shale oil boom, arguing against cutting crude output in order to depress prices and undermine the profitability of North American producers.

Topics:  vienna reuters     saudi arabia   opec   u.s    north american   price   
BING NEWS:
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    The market is now looking to the U.S. shale industry ... and NGLs for the year. However, shale producers have responded more slowly than during previous price rises. Investors and shareholders ...
    11/17/2021 - 2:55 am | View Link
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    Despite the disastrous price war on shale producers, Saudi Arabia usually achieves its aims in the oil markets. However, $100/bbl would stimulate significant investment in U.S. shale production ...
    04/18/2018 - 6:24 am | View Link
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