With OPEC deal to cut output, Saudi signals surrender to U.S. shale

With OPEC deal to cut output, Saudi signals surrender to U.S. shale

by WorldTribune Staff, December 8, 2016 Saudi Arabia’s strategy to drive U.S. shale out of the energy market has failed. “The new OPEC deal to cut oil output – the cartel’s first since 2008 – amounts to nothing less than Saudi Arabia’s surrender to the power of American shale,” John Hulsman wrote for UK business daily City […]