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Opec pops US shale’s balloon

FT News Briefing

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U.S. Shale Oil Challenges Amid Policy Contradictions

This chapter explores the difficulties U.S. shale oil producers are encountering as they cut back on fracking to save money amid declining oil prices. It examines the inconsistencies in U.S. energy policy under the Trump administration and forecasts a decline in oil production for the first time since the pandemic.

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