Saudis Say OPEC+ Cuts Provided US Shale Lifeline (Bloomberg) — Saudi Arabia’s energy minister has no quarrels with U.S. shale and even sees output cuts by OPEC and its allies as directly aiding American drillers. “The action we have taken, quickly in December and that we’re seeing implemented as we speak, is a lifeline to U.S. shale producers,” Khalid Al-Falih said at a conference in Abu Dhabi. The Organization of Petroleum Exporting Countries, led by Saudi Arabia, agreed to cut oil output this ye
Source: Saudis Say OPEC+ Cuts Provided US Shale Lifeline | Rigzone