Can OPEC+ Reclaim Market Share From U.S. Shale?

Can OPEC+ Reclaim Market Share From U.S. Shale?

OPEC+ is seeking to regain market share lost to shale producers over the past years, with the US now accounting for 22% of global oil production, compared to just 15% ten years ago.

Energy market for the week: OPEC+ has set its sights on a share, Europe will get only expensive gas: EADaily

EADaily, May 24th, 2025. OPEC+ is changing its strategy and, instead of maintaining high prices, is going to take part of the market share from its competitors, increasing production and lowering quotations. The situation is different in the European gas market. Countries The EU will have to put up with high prices if they want to fill their vaults and create sufficient stocks by winter.

Can OPEC+ Reclaim Market Share from U.S. Shale Oil?

The global oil market is witnessing a renewed tug-of-war between OPEC+ and U.S. shale oil producers, with the cartel signaling an aggressive push to reclaim market share lost to American drillers over the past decade. As U.S. shale output nears a potential peak and OPEC+ ramps up production, the stage is set for a high-stakes battle that could reshape oil markets. But can OPEC+ successfully squeeze U.S. shale and restore its dominance, or will r…

OPEC+ is fighting Donald Trump's famous drill, baby, drill ("perfora, fondness, pierce") on the same terms. According to a market investigation conducted by Reuters, the bloc, formed by the Organization of Petroleum Exporting Countries (OPEC) and its 'external circle', with Russia at its head, has orchestrated millimeterically its production increases to sabotage the profitability of shale oil extraction in the United States. At the beginning of…