Will The U.S. Shale Slowdown Save OPEC?

Russia and its OPEC partners in the production cut deal will take into account the slowing U.S. shale production growth at their December meeting to discuss the agreement, Russia’s Deputy Energy Minister Pavel Sorokin told news agency TASS in an interview published on Monday. However, the Russian official was quick to add that it was too early to talk about a potential deepening of the oil production cuts because the production cut mechanism is not limitless. “The OPEC+ mechanism has shown that it is efficient, but it cannot be efficient…