Can US shale oil producers withstand a price war with OPEC?

No, as the Saudis are going to attempt to and probably bankrupt many USA shale producers and their investors. read more

The Organization of Petroleum Exporting Countries (OPEC) figures that by driving down global oil prices it will drive US Shale producers out of business. And while some domestic companies admit to concerns, prices have to get significantly lower before shale producers would give up. read more

In a corner of the prolific Bakken shale play in North Dakota, oil companies can now pump crude at a price almost as low as that enjoyed by OPEC giants Iran and Iraq. Until a few years ago it was unprofitable to produce oil from shale in the United States. read more

But shale drillers, as well as producers in Canada and Russia have proven resilient in the face of the 18-month price crash - which is now the worst in the post-war era. Non-Opec production grew by more than expected in 2015 to 1.23m barrels a day, said the report, which predicted that 2016 was finally the year markets began to rebalance. read more