OPEC will meet to decide on further production cuts next week, but will their efforts be ruined by the power of U.S. shale producers?
 Projected shale production growth through Mar. 2018: EnerCom Analytics; underlying basin map: EIA

OPEC has been restraining production since the beginning of the year, after a group of cartel members teamed with Russia and other non-OPECs and agreed to production cuts last November. In total, the OPEC group targeted production reduction of 1.16 MMBOPD, with an additional 558 MBOPD of cuts from non-OPEC count...

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