Shale Oil Output Growth Poses Headache for OPEC+
US drillers have been boosting production targets lately and look set to continue.
Rising American crude output has been a thorn in side of OPEC+, which is trying to buoy global prices.
Photographer: Michael Ciaglo/BloombergWelcome to our guide to the energy and commodities markets powering the global economy. Today, reporter Mitchell Ferman and Houston Bureau Chief Joe Carroll look at how US shale drillers are raising oil production even as OPEC+ prepares to relax some supply controls. To get this newsletter in your inbox, you can sign up here .
US shale-oil drillers have been boosting production targets in recent weeks, and Wall Street analysts don’t think they’re done.