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1. www.reuters.com › business › energyOPEC+ may stick with deep oil cuts for longer due to weak ...

   www.reuters.com › business › energy

   1 day ago · The 2014 price war had a big impact on shale producers but ultimately failed to stem the boom. U.S. shale and other producers have also cut costs over time, making it harder for OPEC+ to win a new ...

2. www.thedailyherald.sx › business › opec-may-stickThe Daily Herald - OPEC+ may stick with deep oil cuts for longer

   www.thedailyherald.sx › business › opec-may-stick

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   1 day ago · The 2014 price war had a big impact on shale producers but ultimately failed to stem the boom. U.S. shale and other producers have also cut costs over time, making it harder for OPEC+ to win a new battle. The cost of producing oil onshore in the Middle East has an average breakeven price of $27 a barrel, according to consultant Rystad Energy.

3. Videos

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     3:15

     bloomberg.com

     U.S. Shale to Be Collateral Damage of OPEC+ Price War: Energy Aspects

     Mar 9, 2020

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     3:15

     bloomberg.com

     U.S. Shale to Be Collateral Damage of OPEC+ Price War: Energy Aspects

     Mar 9, 2020

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     6:33

     youtube.com

     Oil Price War Ends With OPEC+ Deal to Cut Output

     Apr 12, 2020

     365.5K Views

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4. energynow.com › 2024 › 11OPEC+ May Stick With Deep Oil Cuts for Longer Due to Weak ...

   energynow.com › 2024 › 11

   • Cached

   1 day ago · The 2014 price war had a big impact on shale producers but ultimately failed to stem the boom. U.S. shale and other producers have also cut costs over time, making it harder for OPEC+ to win a new battle. The cost of producing oil onshore in the Middle East has an average breakeven price of $27 a barrel, according to consultant Rystad Energy.

5. www.imf.org › external › pubsAn analysis of OPEC s strategic actions, US shale growth and ...

   www.imf.org › external › pubs

   predicts accommodation up to 2014 and a market-share strategy thereafter, and explains large oil-price swings as well as realistically high levels of OPEC output. JEL Classification Numbers: L12, L71, Q41 Keywords: Crude oil, OPEC, price crash, shale oil, market share, limit pricing Author’s E-Mail Address: abehar@imf.org, rar36@cam.ac.uk

6. www.worldoil.com › news › 2021/7/6Oil prices hit 2014 records as OPEC plunges deeper into crisis

   www.worldoil.com › news › 2021/7/6

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   Jul 6, 2021 · Oil jumped to the highest in more than six years after a bitter fight between Saudi Arabia and the United Arab Emirates plunged OPEC+ into crisis and blocked a supply increase.

7. oilprice.com › Energy › Crude-OilOPEC’s Trillion-Dollar Bet Against U.S. Shale - OilPrice.com

   oilprice.com › Energy › Crude-Oil

   • Cached

   Jun 14, 2024 · By late 2014, as U.S. oil production growth was approaching 5 million BPD, OPEC decided they could no longer ignore it. ... The first time was during OPEC’s 2015-2016 price war, and the second ...

8. People also ask

   How did the 2014 shale price war affect OPEC+?

   • The 2014 price war had a big impact on shale producers but ultimately failed to stem the boom. U.S. shale and other producers have also cut costs over time, making it harder for OPEC+ to win a new battle. The cost of producing oil onshore in the Middle East has an average breakeven price of $27 a barrel, according to consultant Rystad Energy.

   OPEC+ may stick with deep oil cuts for longer due to weak demand

   www.reuters.com/business/energy/opec-may-stick-with-deep-oil-cuts-longer-due-weak-demand-2024-11-20/

   See all results for this question

   Does OPEC+ have a shale boom?

   • Top OPEC producer Saudi Arabia's crude output is less than 9% of the global oil total, while OPEC supplies around 25%. The 2014 price war had a big impact on shale producers but ultimately failed to stem the boom. U.S. shale and other producers have also cut costs over time, making it harder for OPEC+ to win a new battle.

   OPEC+ may stick with deep oil cuts for longer due to weak demand

   www.reuters.com/business/energy/opec-may-stick-with-deep-oil-cuts-longer-due-weak-demand-2024-11-20/

   See all results for this question

   How has OPEC impacted shale oil production?

   • Finally, the recent advances in shale oil production technologies have brought OPECs influence to the edge of extinction.

   The economic and financial properties of crude oil: A review

   www.sciencedirect.com/science/article/pii/S1062940818302559

   See all results for this question

   How has OPEC+ impacted oil prices?

   • This has left OPEC+ maintaining output cuts for longer than it had thought. The group has cut output by 5.86 million barrels per day, or about 5.7% of global demand, in a series of steps agreed since 2022 to support the market. Despite OPEC+'s cuts and delays to output hikes, oil prices have mostly stayed in the $70-$80 per barrel range this year.

   OPEC+ may stick with deep oil cuts for longer due to weak demand

   www.reuters.com/business/energy/opec-may-stick-with-deep-oil-cuts-longer-due-weak-demand-2024-11-20/

   See all results for this question

   Will oil prices rise if OPEC+ meeting ends?

   • As early as last week, the expectations were that oil prices would either stabilize or rise gradually — until an OPEC+ meeting that was supposed to be routine ended in an unexpected impasse, with no agreement on what to do about oil production. Now analysts are bracing for everything from a price spike to a price plunge.

   Oil Prices Are In Turmoil Right Now. Here Are 5 Things You Need To Kn…

   www.npr.org/2021/07/07/1013721716/oil-prices-are-in-turmoil-right-now-here-are-5-things-you-need-to-know

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   When was the last time OPEC raised oil output?

   • The last time OPEC did this was in 2014-2015, when it raised output to squeeze U.S. shale firms. OPEC+'s oil output is equal to 48% of world supply, the lowest since it was formed in 2016 with a market share of over 55%, according to Reuters calculations based on International Energy Agency figures.

   OPEC+ may stick with deep oil cuts for longer due to weak demand

   www.reuters.com/business/energy/opec-may-stick-with-deep-oil-cuts-longer-due-weak-demand-2024-11-20/

   See all results for this question

9. www.semanticscholar.org › paper › An-Analysis-of-OPEC[PDF] An Analysis of OPEC's Strategic Actions, US Shale ...

   www.semanticscholar.org › paper › An-Analysis-of-OPEC

   Jul 1, 2016 · In November 2014, OPEC announced a new strategy geared towards improving its market share. Oil-market analysts interpreted this as an attempt to squeeze higher-cost producers including US shale oil out of the market. Over the next year, crude oil prices crashed, with large repercussions for the global economy. We present a simple equilibrium model that explains the fundamental market factors ...