Crude oil prices north of US$40/b is enough to bring shut-in US shale oil production back online, but not enough to drill new wells and offset base declines.
In this week's podcast, Ehsan Khoman, Head of MENA Research and Strategy, examines prospects for the shale oil industry and highlights the price level where the economics meaningfully works.
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Download: The US shale oil comeback – how soon and what magnitude? The MUFG Global Markets Podcast (MP3)
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