An oil price collapse puts shale to the test

OPEC's decision to leave production quotas unchanged contains many risks, and is likely to challenge the responsiveness of US shale production.

Pimco

After averaging nearly $US110 per barrel during the first half of 2014 and peaking at over $US115 per barrel in June, Brent crude oil has fallen by over $US40 in just a few short months.

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