The IMF praised the effects of the shale revolution in the United States

МВФ оценил последствия сланцевой революции в США

The United States successfully improve the technology of shale oil

The American company was able to improve the technology of well operation.

The shale revolution in the United States in the next five years will have a profound impact on the world oil market and oil prices. Is shale deposits are the biggest threat to attempts to achieve price stability. This is stated in the study by IMF experts.

“The increase in oil production from shale deposits in the United States can rapidly nullify most, if not all of the production cuts of OPEC and non-OPEC, as in the case of shale wells could begin within one year after the production of initial investment, unlike conventional investments in oil production, which began to bear fruit only after a number of years,” the study says.

It is noted that by February of 2017, investments in the oil sector, measured by the number of active drilling rigs reached its highest level since November 2015.

“In addition, the threat of oil from shale deposits is increasing due to the fact that the increased efficiency of the producers in the United States by improving their operations and improvements in the selection operating well,” said the IMF.

As reported Корреспондент.netOPEC may abandon the reduction of oil production and will not renew the agreement. The reason for this decision is called the development of shale resources in the US, which OPEC wants to slow down.

It was also reported that Russia is fulfilling an agreement with OPEC is only 40%.

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