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Commodities Briefing - Categorized | Market Moves, Oil more

Can shale break OPEC’s grip?

Posted on 18 December 2013

Since the 1960s, OPEC (Organisation of the Petroleum Exporting Countries) has dominated global oil markets, controlling production, exports and prices. The shale boom however, particularly in North America, could shift some power away from the cartel, to small, nimble companies.
The Shale Age is the age of the nimble junior, and exploration has revealed oil and gas resources that could forever alter the global production profile………………………………………..Full Article: Source


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