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
Friday, October 21, 2016 - 05:50

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.


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

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom