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US shale boom stabilises global oil price

Posted on 17 June 2014

The US recorded one of the biggest annual increases in oil production by a country last year thanks to the shale boom, according to BP’s annual review.
The 1.1 million barrels per day extra the US pumped helped offset slumps in production from countries like Libya, which is still gripped by civil war three years on from the Arab Spring………………………………………..Full Article: Source


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