Press release

Shale is not giving up [in Russian]

March 7, 2018
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Extension of OPEC+ agreement didn't result in expected oil price stabilization which has continued to fall. The reason behind is not just oversupply, but also efficiency gains in shale production. [Own translation]

Article was published in Oil and Gas Vertical Magazine (Russia), issue 13/14, July 2017. The full release in Russian language can be retrieved here.