The IEA weighs in on shale… WSJ

by Jim Colburn • Tuesday, February 13, 2018

The Wall Street Journal reports on today’s release of the IEA’s monthly oil supply/demand report:

”Shale producers “cut costs dramatically” during the oil-industry downturn, the IEA said. They then took advantage of the Organization of the Petroleum Exporting Countries cartel’s decision last year to cut its own output, which helped prices rise from the low $40s to over $70 a barrel in January.”

1 thought on “The IEA weighs in on shale… WSJ

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