US shale will feel the heat of OPEC's price war

OPEC's battle with US shale producers for oil market dominance is already creating a sense of panic, with energy producers caught in the crossfire.

There’s a sense of panic now pervading the oil and gas sector as equity markets respond to the crash in oil prices. Whether it’s overdone or not will hinge on whether OPEC’s attempt to regain its dominant influence over the market for oil is successful.

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