Who wins in the US shale vs OPEC battle depends on these 5 factors

SINGAPORE (March 15): As the Organization of the Petroleum Exporting Countries’ (OPEC) continues to follow through with its announcement last year to cut production in a bid to end the global supply glut, US shale has been notably making a record comeback which threatens to undermine the cartel’s goal, much to the chagrin of Saudi Arabia.

(See also: OPEC agrees to cut production in drive to end record glut)

Now, analysts are no longer confident that Brent crude can hold above its current US$50 levels, as oil prices have already fallen by almost 10% over the past week since OPEC’s agreement to cut output.

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