Organization of Petroleum Exporting Countries (OPEC) Reacts to US Shale Oil Boom with New Strategy

The first signs are emerging that key Persian Gulf members of the Organization of Petroleum Exporting Countries (OPEC) are adjusting their strategies to cope with the growing threat that North American shale oil is making to their long-term dominance in global energy markets. The OPEC moves lag...Organization of Petroleum Exporting Countries (OPEC) Reacts to US Shale Oil Boom with New Strategy