Why OPEC+ effort to stabilize oil prices points to potential supply deficit unless shale output rebounds
June 05, 2020 at 11:39 AM EDT
Oil has made a huge comeback from the historic dip for U.S. benchmark prices into negative price territory in May, with the recovery in large part due to a production-cut agreement by the Organization of Petroleum Exporting Countries and its allies, and involuntary output reductions in the U.S.