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IEA warns of much tighter oil market unless OPEC+ boosts supply
IEA warns of much tighter oil market unless OPEC+ boosts supply
WEDNESDAY, JULY 14, 2021
Global oil markets are set to "tighten significantly" unless the OPEC+ alliance resolves its standoff and agrees to increase production, the International Energy Agency warned.Exporting the U.S. shale boom has changed oil markets forever
Exporting the U.S. shale boom has changed oil markets forever
SUNDAY, JANUARY 10, 2021
Five years ago on New Year's Eve, the Theo T left the Texas Gulf Coast with the first U.S. shale crude shipment overseas. The oil, gathered from nearby ConocoPhillips wells and sold to trading giant Vitol Group, set sail for Italy just two weeks after lawmakers lifted a long-standing ban on exports.