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Shale transforms oil relationship as Saudi Prince visits US category
March 20, 2018
Source: World Oil

Shale transforms oil relationship as Saudi Prince visits US

For the longest time in the past, oil was seen as the bedrock of the Saudi-US relationship. A stable and balanced supply of oil from the largest exporter of the Middle East was considered critical for the US economy. However, the equation is undergoing a transformation with shale bloom from Texas to North Dakota. According to IEA, this will have profound implications on energy geopolitics.

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