- Attempts by the wider OPEC+ club to minimise the growing glut have only mitigated the situation; the power of these producers to influence the market has diminished as US production has risen.
- As long as OPEC+ tries to play the good cop in the market – yielding volumes to coerce trends – crude prices will remain stable at best, because its moves are neutralised by growing non-OPEC+ production.
- Characterised by small nimble players that strike oil hard and fast, US shale is also marked by steep drop-off rates after the first year.
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