date:Sep 25, 2015
shore oil in the firing line
Opec is widely believed to have welcomed, and exacerbated, the fall in oil prices, as a tactic to discourage the exploration and exploitation of US shale gas reserves, which could compete with Opec product in the long term.
And there have been hopes that as shale exploitation falls, Opec may start to tighten supplies.
But according to Reuters, sources within Opec have said that the organisation is now aiming to supress the development of offshore oil assets and ot