drilling shale oil well

Is the shale gas production golden age ending?

Shale Production: The End Of The Golden Age?

Brent crude recently topped USD 70 a barrel for the first time since June 2015 as OPEC announced it would restrain oil output until the end of 2018. Nevertheless, there is still some scepticism over just how high prices will go, in spite of the cartel’s apparently strong commitment to reduce excess supply. According to CaixaBank’s strategists, such doubts are partly due to the uncertainty hovering over the shale production’s industry.