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U.S. Shale Oil Boom Grinds to a Halt as OPEC Keeps Pumping
©2015 Bloomberg News NPNRWH6JIJV3 (Bloomberg) — The shale oil boom that turned the U.S. into the world’s largest fuel exporter and brought $3 gasoline back to America’s pumps is grinding to a halt. Crude output from the prolific tight-rock formations such as North Dakota’s Bakken and Texas’s Eagle Ford shale
Venezuela’s OPEC Proposal Focuses on Oil Price, Not Volumes
©2015 Bloomberg News NUQRSFSYF01T (Bloomberg) — A summit between OPEC and non-OPEC oil producers that Venezuela is proposing should focus on supporting prices rather than limiting volume, the country’s oil minister said Tuesday. Venezuela seeks a fair price for oil that will support economic growth and energy demand, Oil Minister Eulogio Del
