Saudi's still dismissive of US shale production

Saudi energy minister Falih on Reuters

  • Doesn't see US shale production adding another 2-3mbpd of new oil capacity anytime soon

IEA's Birol also up saying that he sees US oil production rising again this year.

He adds that if oil investments don't recover, the world will see a big gap in supply within 2 years.

Let battle commence, again.

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