Shale shock

The US is on the cusp of becoming the world’s largest crude oil producer, with its shale industry roaring back after a three-year slump in prices. With total US crude output now above 10m barrels a day for the first time since 1970 and exports rising fast, the second shale shock is set to have an even bigger impact on global oil markets and the geopolitics of energy

Kingdom seeks higher prices that risks greater North American production 

Lighter crude may not mix with an industry used to processing heavier oil

America’s growing status as crude exporter is transforming industry’s infrastructure

Industry emerges from downturn more productive and propels spectacular output growth