OPEC cuts; shale positioned to grow with offshore continuing to be the victim
Rystad Energy expects that global liquid production to remain at current levels into next year. At the same time, demand is expected to grow by around 1.3 million bpd.
Drilling & production - 01 December 2016
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Spike in oil prices following OPEC deal
The landmark decision of OPEC and Russia to cut output has sparked a surge in oil prices and trading volumes.