05.06.2015 - No action at OPEC, but what about shale?
Volatile oil prices are expected to finish the year near current levels, even though crude may make another plunge in the second half of 2015, according to a new CNBC Oil Survey. The respondents were uniform in their view that OPEC will take no action at its meeting this week. But the upstart U.S. shale industry has proven trickier to predict, and answers were nearly equally split on whether it would increase, decrease or keep production steady this year. Seventy-seven percent of the participants in the survey say they believe oil prices have already hit their lows for the year. Nine percent expect even lower prices, while 14 percent say they are not sure...............................................Full Article: Source
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