OPEC Sees U.S. Shale Oil Powering Ahead After Cuts Boost Prices

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OPEC said shale oil production will grow considerably faster than expected over the next four years after the group’s output cuts triggered a crude-price recovery that helped U.S. producers. North American shale output will soar to 7.5 MMbpd in 2021, the Organization of Petroleum Exporting Countries said in its World Oil Outlook report on Tuesday….

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