Tag: saudi-arabia
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With oil price near $50, resilient U.S. shale producers eye new chapter
Two years into the worst oil price rout in a generation, large and mid-sized U.S. independent producers are surviving and eyeing growth again as oil nears $50 a barrel, confounding OPEC and Saudi Arabia with their resiliency. To regain market share, the Organization of the Petroleum Exporting Countries in late 2014 pumped more oil despite…