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US emerges unscathed from Opec strategy

Prices fall after cartel refuses to cut production, but US crude output this year will climb to 9.47 million barrels a day
Saturday, July 18, 2015 - 05:50
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STILL PUMPING: US oil production remains close to a three-decade high and is forecast to keep growing after a pause in the coming year.

London

EIGHT months into the Organization of the Petroleum Exporting Countries' (Opec) plan to hit rival oil producers, the casualties are mounting. Surprisingly, the most resilient may be the one that triggered the fight: the US.

Projections for combined daily output from Brazil,

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