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Posts tagged as “fallout”

Saudis use low oil prices to force US to cut shale production, but fallout to all countries may prompt talks

Saudis use low oil prices to force US to cut shale production, but fallout to all countries may prompt talks A fall in oil prices intensified by Saudi Arabia’s actions has dealt a deadly blow to US shale oil companies, but “counterproductive” measures that harm all oil producers may force Riyadh, Washington and Moscow to finally talk. The so-called ‘Shale Revolution’ in the US in recent years has deprived the Saudis of a huge chunk of the American oil market,…

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