OPEC crude output cuts should help US shale profits in 2021

MOSCOW (MRC) -- A decision by OPEC and allied countries to cut crude production through March delivered a late Christmas present for US shale firms that have slashed costs, but any rise in prices spurred by the unexpected move may be just a modest stocking stuffer, reported Reuters.US crude oil production has fallen 2 million barrels per day in the last year as low prices and demand forc

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