Tag Archives: US shale oil

The UAE Energy Minister Suhail Al Mazroui said on Monday that the global oil market is still being balanced, but Opec is targeting the right level of inventories for market stability. “The market is still in the process of being balanced, but the question is what is the right level …

Even Saudi Arabia wants in on the US oil boom. The kingdom’s state oil firm considered the possibility of sending American crude to Asia in February via a US unit before determining it wasn’t economically viable, according to a person with knowledge of the matter. It also asked potential buyers …