In the next few quarters, a serious decline in shale oil production in the USA is expected due to low oil prices, the head of the International Energy Agency believes Fatih Birol.
“With these prices, we will see a major decline in shale oil production in the United States. There is no doubt about that. Maybe this quarter, the next quarter and subsequent quarters. We’ll see, ”RIA Novosti reports his words.
Earlier, experts said that Saudi Arabia, trying to “punish” Russia by lowering oil prices, is leading US shale oil companies to default.
The American media had previously suspected Russia of “unleashing an oil war” with the goal of “forcing American shale oil producers” to reduce US production.
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