OPEC Output Falls to 37-Year Low as US Shale Expands

Global oil markets are witnessing a widening divergence between OPEC producers and the United States, as geopolitical disruptions push the cartel’s output to its lowest level in nearly four decades while American shale operators increase drilling activity to capture rising demand and market share. According to a Bloomberg survey, production from OPEC’s 11 current members […] The post OPEC Output Falls to 37-Year Low as US Shale Expands appeared first on The Middle East Observer.