Bloomberg | OPEC's Oil Price Nightmare Is Coming True Bloomberg U.S. shale production is surging on higher crude, now the fear is waning demand growth. By. Julian Lee. @JLeeEnergy More stories by Julian Lee. February 11, 2018, 12:00 AM PST. Kean Collection via Getty. The latest surge in U.S. oil output will ... How soaring US exports to China are transforming the global oil game |