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Oil rises as OPEC compliance eclipses boom in US output - Reuters
Reuters | Oil rises as OPEC compliance eclipses boom in US output Reuters “As oil prices rise, higher shale output is definitely on the market's mind,” said Tomomichi Akuta, senior economist at Mitsubishi UFJ Research and Consulting in Tokyo. Output by the Organization of the Petroleum Exporting Countries (OPEC) also rose in ... Shale powers US oil output to heights of 1970 US oil production tops 10 million barrels a day for first time since 1970 US oil output surges above historic 10 million barrel mark for first time in 40 years |
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