Commodity Trade Mantra

Posts Tagged ‘American Oil Producers’

Stop Blaming OPEC For Low Oil Prices

Why do we expect OPEC to cut oil production? The US has aggressively increased output. Much of the responsibility for the crash in oil prices stems from a massive increased output in the US shale patch, by around 4 million barrels per day between 2011 & the peak in 2015, nearly doubling production from 5.6 million barrels per day (mb/d) to 9.6 mb/d.

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