24.02.2016 - OPEC doubts it can 'live' with US shale
The Organization of Petroleum Exporting Countries (OPEC) has raised doubts about its common future with US shale oil. After Congress lifted the oil export ban last December, the US is expected to boost crude production dramatically. "Shale oil in the United States, I don’t know how we are going to live together,” said OPEC Secretary General Abdalla Salem el-Badri. “I talk to the EU, I talk to the Russians, I talk to the Chinese, I talk almost to everybody except the United States — what I want is a dialogue…The United States wants to export, but at the same time they import and store. This is something that I don't know how we're going to tackle," he said...............................................Full Article: Source
Print