OPEC could extend cuts to 2018, but in the long run U.S. shale “won’t make a dent”
As oil prices struggle to stay above $50 per barrel, OPEC appears to be ready to extend production cuts through the second half of 2017 in an attempt to rebalance markets.

Both WTI and Brent crude oil prices were up slightly today, but persistently high inventory levels and strong production outside of OPEC continues to raise concern that the group may not be doing enough to curb oversupply.

Saudi Energy Minister Khalid al-Falih said oil producers would "d...


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