If OPEC remains a functional entity by the end of 2017, its greatest hits will surely be in the past

The Oil War Is Only Just Getting Started

By Oilprice.com -- Tsvetana Paraskova—— Bio and Archives--February 2, 2017

Global Warming-Energy-Environment | Comments | Back To Full Article

It's been a month now that investors and analysts have been closely watching two main drivers for oil prices: how OPEC is doing with the supply-cut deal, and how U.S. shale is responding to fifty-plus-dollar oil with rebounding drilling activity. Those two main factors are largely neutralizing each other, and are putting a floor and a cap to a price range of between $50 and $60.

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