Posts Tagged: OPEC

U.S. Oil Drillers Keep Pressure On OPEC With Record Shale Output

Oil output from major U.S. shale plays is poised to reach a fresh record next month, further complicating OPEC’s efforts to support prices. The gain is being led by the oil-rich Permian basin of Texas and New Mexico, where production has risen steadily over the past two years. The Energy Information Administration projects Permian output to… Read more »