U.S. Shale Oil Production Rises To Meet Global Demand
Afer nearly two and a half years of barren fields, U.S. shale producers are restoring operations as oil prices have rebounded from increased demand from Asia and OPEC production cuts.
The Brent and WTI crude oil prices have increased 13.0 and 9.4 percent respectively reaching above the $50 per barrel mark since November after the Organization of Petroleum Exporting Countries made a historic move to cut production by nearly 1.2 million barrels per day.
Less than two months later, shale oil outp