Shale specter haunts OPEC as oil seen rallying into 2017

27 December 2016, New York — After pulling off the biggest oil market deal in a decade, OPEC faces a new balancing act in 2017: boosting prices without igniting shale. The first shale boom spurred a global supply glut that started prices sliding in mid-2014 and was amplified that November by a pump-at-will OPEC strategy […] More »