US shale oil producers may be able to keep oil prices in a range around current levels.
Recent Oil articles
Shale oil has revolutionised US oil production and released the oil market from Opec’s iron grip. John Stepek looks at the sector and explains how to play it.
The price of oil has drifted above $55 a barrel, the highest in 18 months. And pretty much everyone seems to think it will keep rising.
The world’s energy companies found only 174 new oil and gas fields last year, a 60-year low, compared to an annual average of 400-500 in the years leading up to 2013.
With Opec sticking to its cut in production, the oil price is hovering around $50 a barrel. But Donald Trump could easily change that, says John Stepek.