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Shale Oil Growth Headed For Slowdown, But When?

January 23, 2019

Via: Forbes

The shale oil revolution will remain in the spotlight in 2019 and promises to once again be one of the most crucial factors driving global oil markets. Rapid growth in U.S. oil production is single-handedly satisfying worldwide oil demand – and then some – forcing the OPEC cartel and its non-OPEC allies, led by Russia, to make price-supportive supply cuts to keep the market balanced.

But how sustainable is the current state of play? How long can shale producers expect Saudi-led OPEC to effectively subsidize their operations and seize a greater share of the global oil market through growing exports?

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