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UAE energy minister Suhail al-Mazrouei predicted that US crude production is unlikely to pose a threat to OPEC’s market share in the near-term. The International Energy Agency agreed, saying in its monthly oil market report that many US shale officials could focus on paying down debt and boosting investor returns rather than ramping up production.

UAE energy minister sees diminished threat from US shale oil rivals

UAE energy minister Suhail al-Mazrouei predicted that US crude production is unlikely to pose a threat to OPEC’s market share in the near-term. The International Energy Agency agreed, saying in its monthly oil market report that many US shale officials could focus on paying down debt and boosting investor returns rather than ramping up production.

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