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"Record US Oil Production Surges, OPEC Drowning"

1 min read
Source: Bloomberg
"Record US Oil Production Surges, OPEC Drowning"
Photo: Bloomberg
TL;DR

US oil production has surged to record highs, with industry participants now making profits, despite previous concerns about profitability. Bloomberg Opinion columnist Javier Blas discusses the state of US supply, its impact on OPEC, rising tension in the Red Sea, and the rise of electronic electricity trading in the European market.

Topics:businessenergy#electronic-electricity-trading#energy#opec#profitability#shale-industry#us-oil-production
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  1. This Is What's Driving the Big Surge in US Oil Production  Bloomberg
  2. The United States is drowning OPEC in oil  Quartz
  3. U.S. is producing a record 13.2 million barrels per day  MSNBC
  4. US Oil Production Hits Record Highs. What It Means for OPEC  Bloomberg
  5. A rare Singapore corruption scandal has ensnared Formula 1's Grand Prix  Quartz

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