US EditionWriting Oil's Death Certificate Is Premature, but What Will Its Kingdom Become?
NORTH AMERICA (U.S. AND CANADA), JUL 14 – Despite OPEC+ increasing output by over 500,000 barrels per day, U.S. shale production remains strong with inventories at 11-year lows, supporting stable oil prices, analysts say.
Summary by The National
9 Articles
9 Articles
Oil Supply Surge Not Impacting Tight Oil Market
In a surprising turn for global energy markets, the recent surge in oil supply led by OPEC+ has failed to loosen the grip on the tight oil market. Despite announcements of substantial production hikes, oil prices have remained resilient, inventories stay critically low, and the U.S. shale sector—often referred to as the tight oil market—continues to operate under constrained conditions. This resilience comes amid peak seasonal demand and lingeri…
Coverage Details
Total News Sources9
Leaning Left0Leaning Right1Center3Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
C 75%
R 25%
Factuality
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