Yahoo Canada Web Search

Search results

1. www.forbes.com › sites › rrapierOPEC’s Strategy To Outlast The Shale Boom - Forbes

   www.forbes.com › sites › rrapier

   • Cached

   Jun 9, 2024 · But, if they can hold out until U.S. shale oil production peaks and begins to decline, OPEC’s strategy may finally pay off. U.S. production is 700,000 BPD higher than it was a year ago this month.

   • Why OPEC’s Decisions Impact The U.S.

     This is why OPEC often plays the long game in the crude oil...

2. www.forbes.com › sites › rrapierWhy OPEC’s Decisions Impact The U.S. - Forbes

   www.forbes.com › sites › rrapier

   • Cached

   Sep 6, 2024 · This is why OPEC often plays the long game in the crude oil markets. They know if they can outlast the shale oil boom, they might once again be in a commanding market position — as they were ...

3. Videos

   • 

     3:56

     youtube.com

     What is OPEC? | CNBC Explains

     Jun 20, 2018

     302.3K Views

   • 

     24:51

     youtube.com

     Can OPEC still control the oil market? – Inside Story

     Mar 27, 2017

     21.1K Views

   • 

     money.cnn.com

     A history of oil's booms and busts

     Mar 24, 2016

   View all

4. oilprice.com › Energy › Crude-OilDoes OPEC Still Hold Sway Over U.S. Oil Markets?

   oilprice.com › Energy › Crude-Oil

   • Cached

   Sep 13, 2024 · OPEC's long-term strategy aims to outlast the US shale oil boom and regain a dominant market position. Earlier this year, OPEC and its partners announced that it would begin to ease production ...

5. shalemag.com › opecs-oil-decisions-impact-usOPEC’s Oil Decisions Impact U.S. Markets: Why It Still Matters

   shalemag.com › opecs-oil-decisions-impact-us

   • Cached

   Sep 30, 2024 · They know if they can outlast the shale oil boom, they might once again be in a commanding market position — as they were prior to the shale boom. In conclusion, while the U.S. may lead in oil production, OPEC’s influence on global oil markets remains significant due to its collective production power and vast reserves.

6. energycentral.com › c › ecWhy OPEC’s Decisions Impact The U.S. | Energy Central

   energycentral.com › c › ec

   • Cached

   Sep 18, 2024 · They know if they can outlast the shale oil boom, they might once again be in a commanding market position — as they were prior to the shale boom. In conclusion, while the U.S. may lead in oil production, OPEC’s influence on global oil markets remains significant due to its collective production power and vast reserves.

7. energycentral.com › opec-trying-outlast-shale-boomOPEC is Trying to Outlast The Shale Boom - Energy Central

   energycentral.com › opec-trying-outlast-shale-boom

   • Cached

   Jun 18, 2024 · In the early days of the shale boom, when it wasn’t clear whether this development would have a significant impact, it was largely ignored by OPEC. By late 2014, as U.S. oil production growth was approaching 5 million BPD, OPEC decided they could no longer ignore it. At its November 2014 meeting, OPEC announced it would defend market share ...

8. People also ask

   Can OPEC outlast the shale oil boom?

   • They know if they can outlast the shale oil boom, they might once again be in a commanding market position — as they were prior to the shale boom. In conclusion, while the U.S. may lead in oil production, OPEC's influence on global oil markets remains significant due to its collective production power and vast reserves.

   Why OPEC’s Decisions Impact The U.S. - Forbes

   www.forbes.com/sites/rrapier/2024/09/06/why-opecs-decisions-impact-the-us/

   See all results for this question

   Will OPEC's shale boom pay off?

   • If U.S. production is flattening, this would mark the first time since the shale boom began that it wasn’t caused by extraordinary external factors. OPEC is certainly watching these developments. If U.S. production continues to flatten or even decline, OPEC’s strategy may start to pay off.

   OPEC’s Strategy To Outlast The Shale Boom - Forbes

   www.forbes.com/sites/rrapier/2024/06/09/opecs-strategy-to-outlast-the-shale-boom/

   See all results for this question

   How does OPEC affect the US?

   • The US, despite being the world's top oil producer, is still significantly impacted by OPEC's decisions due to the group's control over nearly half of global oil production and the majority of proven reserves. OPEC's long-term strategy aims to outlast the US shale oil boom and regain a dominant market position.

   Does OPEC Still Hold Sway Over U.S. Oil Markets?

   oilprice.com/Energy/Crude-Oil/Does-OPEC-Still-Hold-Sway-Over-US-Oil-Markets.html

   See all results for this question

   How does OPEC affect the oil market?

   • Further, many members of OPEC consist of a national oil company with far greater market power than any U.S. producer. Saudi Aramco, for example, can move markets. ExxonMobil is but one of thousands of U.S. oil companies, and as large as they are, their decisions simply don’t have a significant impact on the markets.

   Why OPEC’s Decisions Impact The U.S. - Forbes

   www.forbes.com/sites/rrapier/2024/09/06/why-opecs-decisions-impact-the-us/

   See all results for this question

   Why did OPEC abandon shale oil?

   • Instead, oil prices plummeted, some shale oil producers went out of business, but the strategy indeed cost OPEC at least a trillion dollars of lost revenue as most shale producers held on. In late 2016 the cartel waved the white flag, abandoning this strategy and returning to making production cuts to boost prices.

   OPEC’s Strategy To Outlast The Shale Boom - Forbes

   www.forbes.com/sites/rrapier/2024/06/09/opecs-strategy-to-outlast-the-shale-boom/

   See all results for this question

   Does OPEC still matter?

   • As long as OPEC controls nearly half of the world’s oil production and holds the majority of proven reserves, its decisions will continue to impact oil markets worldwide, including in the U.S. Understanding this dynamic is key to recognizing why OPEC's actions still matter, even in an era of U.S. energy independence.

   Why OPEC’s Decisions Impact The U.S. - Forbes

   www.forbes.com/sites/rrapier/2024/09/06/why-opecs-decisions-impact-the-us/

   See all results for this question

9. www.rrapier.com › 2024 › 09Why OPEC’s Decisions Impact The U.S. – R-Squared Energy

   www.rrapier.com › 2024 › 09

   • Cached

   They know if they can outlast the shale oil boom, they might once again be in a commanding market position — as they were prior to the shale boom. In conclusion, while the U.S. may lead in oil production, OPEC’s influence on global oil markets remains significant due to its collective production power and vast reserves.