You are here

Opec price war offers meagre rewards as shale learns to survive

After two years of low price and Opec's policy U-turn, executives at Oil & Money conference in London are upbeat about shale's future

BT_20161021_DNOPEC21_2558318.jpg
For Opec, there's cause for both celebration and concern. While it can claim it has successfully set a floor for prices, the resilience of its rivals means the ceiling may not be too far away.

London

WHEN the Organization of the Petroleum Exporting Countries (Opec) started its price war, the US shale boom looked doomed. Two years and one Opec policy U-turn later, executives at the annual Oil & Money conference in London painted an upbeat outlook for shale, with giants such

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom