Permian Shale Oil Boom Holds Good News and Bad News for OPEC

The year has barely begun but it’s already shaping up nicely for OPEC, with crude rebounding sharply after the worst fourth-quarter performance since 2014. A new production cuts deal with Russia and thawing U.S.-China trade relations have given the market a boost. https://www.bloomberg.com/news/articles/2019-01-15/permian-shale-oil-boom-holds-good-news-and-bad-news-for-opec

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