Recent Examples of shale oil from the Web
More: 'Sweet spots' fueling U.S. shale oil boom 'will not last forever': Saudi Aramco CEO More: Are oil markets becoming immune to geopolitical risk?
The two states are now leading an initiative to cut oil world oil production in order to drive prices up, reversing a catastrophic slide in the price of crude that resulted from the North American shale oil boom.
North Sea oil producers seized on surging crude prices this week to hedge output, joining their U.S. shale oil peers in locking in a floor for future revenue.
Demand for energy infrastructure, such as pipelines and processing plants, is increasing in the U.S. amid a rebound in shale oil-and-gas drilling and a petrochemical-industry boom driven by cheap natural gas, private-equity executives said.
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