http://www.bloomberg.com/news/articl...ec-output-plan
Oil Falls as Iraq Seeks Exemption From OPEC Cuts, U.S. Adds Rigs
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http://www.bloomberg.com/news/articl...ec-output-plan
Oil Falls as Iraq Seeks Exemption From OPEC Cuts, U.S. Adds Rigs
http://www.reuters.com/article/us-petrobra...SKBN13R1GQ?il=0
Petrobras CEO says U.S. shale response to OPEC deal may cut oil prices
Is there any other reason for falling of oil prices other than U.S Shale activitiy?
http://ww2.cfo.com/the-economy/2017/...it-new-record/
Oversupply seems to be the answer. http://www.vox.com/2016/1/12/1075575...prices-falling
the article you refer to is written in February 2016 ... well, I guess it still might have some historic value;)
If you prefer some more up to date news ... try e.g.:
https://www.iea.org/oilmarketreport/omrpublic/
Thanks Bulllishbear & Blackpeter for the links.
https://www.bloomberg.com/news/artic...ands-11th-week
Oil's OPEC-Driven Gain Wiped Out as Shale Boom Offsets Cuts
https://www.bloomberg.com/news/artic...hortfall-ahead
older post but very interesting where we will be in 10yrs time