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Wednesday, 8 February 2017

Qatar says oil market can cope with higher shale output | Reuters

Qatar says oil market can cope with higher shale output | Reuters:

"Higher oil prices may boost shale oil production but the global oil market can accommodate this as demand remains healthy, Qatar's energy minister said on Wednesday. "The market is gradually accommodating for shale oil as well as shale gas - the demand is healthy. With that continuous demand increase I think all available oils are going to be accommodated," Mohammed al-Sada told Reuters in Doha. He said current oil prices made the development of most oilfields around the world unviable."



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