Oil markets will soon have to rethink predictions of ‘ample’ global supply

There could be a recalibration of oil market expectations regarding an “ample” global oil supply, Bahrain’s oil minister said Monday, despite expectations that U.S. shale oil production could be hurtling towards 14 million barrels per day in the next few years. Speaking at a CNBC-moderated panel at the International Petroleum Technology Conference (IPTC) in Saudi […]