# U.S. Shale To Surge After OPEC Extension | OilPrice.com

> OilPrice.com reports that OPEC and Russia-led non-OPEC countries extended their production cuts through 2018. The article expects US shale output to rise in response to the higher prices the cuts support.

- Date: 2017-12-01 · published 2017-12-01T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/67413-u-s-shale-to-surge-after-opec-extension-oilprice-com
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Rising US shale output would offset some of the OPEC restraint and limit crude price gains over 2018.

## Read by commodity

- WTI: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2017-11-28 | [Oil prices slip on OPEC deal extension jitters](https://feedsoft.ai/events/68141-oil-prices-slip-on-opec-deal-extension-jitters.md) | -1.1% | +2.7% |
| WTI | 2019-03-01 | [Crude Oil Prices Fall On Trump's OPEC Tweet But U.S. Shale Boom Continues](https://feedsoft.ai/events/60777-crude-oil-prices-fall-on-trump-s-opec-tweet-but-u-s-shale-boom-continues.md) | -1.0% | +3.6% |
| WTI | 2022-03-09 | [Oil prices tumble after UAE says it wants OPEC to increase production \| CNN Business](https://feedsoft.ai/events/5821-oil-prices-tumble-after-uae-says-it-wants-opec-to-increase-production-cnn.md) | -22.0% | -17.5% |
| WTI | 2019-08-31 | [OPEC Abandons ‘’Whatever It Takes Strategy’’, Boosts Production \| OilPrice.com](https://feedsoft.ai/events/57502-opec-abandons-whatever-it-takes-strategy-boosts-production-oilprice-com.md) | +2.5% | +1.6% |
| WTI | 2021-02-24 | [OPEC+ Considers Production Increase At March Meeting \| OilPrice.com](https://feedsoft.ai/events/48553-opec-considers-production-increase-at-march-meeting-oilprice-com.md) | -3.2% | -6.3% |

## Sources

- oilprice.com: https://oilprice.com/Energy/Crude-Oil/US-Shale-To-Surge-After-OPEC-Extension.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.