Shale’s reawakening begins as oil holds above $30
OPEC+ is still stuck in the sixth antechamber of hell and needs much higher prices to see a shimmer at the horizon and shale already ears its head again. Lads, you are really messed up. We will see some more violent price swings as the consequences of the last couple of months will produce some more ripples in the pond but conventional producers are in a bad place. The crisis has burned away much of the bad flesh that had plagued shale and now it will get into better shape. Not perfect – better than OPEC+ is enough.
www.worldoil.com 
