Financial Times | This May Just Be The Start Of The Oil Price War Says IEA OilPrice.com The first, issued on May 12 by OPEC, says, in essence, that Saudi Arabia's effort to keep its own oil production at near-record highs is succeeding in wresting market share back from US producers of shale oil, also called “light, tight oil” (LTO). The ... Saudis spend like there's no oil price drop USA running out of shale oil Saudi Arabia continues oil market war |