OPEC Says U.S. Oil Boom Will End This Year

April 20, 2015 2:03 PM

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OPEC Says U.S. Oil Boom Will End This Year

OPEC says the demand for oil – its oil – will rise during 2015 because the cartel is winning its price war against U.S. shale producers by driving them out of business.

“Higher global refinery runs, driven by increased [summer] seasonal demand, along with the improvement in refinery margins, are likely to increase demand for crude oil over the coming months,” the cartel said in its Monthly Market Report, issued, April 16.

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