CNBC | U.S. shale under siege from super-low oil prices CNBC Saudi Arabia's oil minister declared Tuesday that he was not at war with shale oil drillers, but it's clear the U.S. industry is still under siege. At the annual IHS CERAWeek energy conference in Houston, the global energy industry has been meeting ... Saudi Arabia declares oil output cut 'is not going to happen' Oil drops 4 percent after Saudi oil minister rules out production cuts Saudis: No cuts in oil output anytime soon |