The document discusses the dynamics between OPEC and US tight oil, highlighting OPEC's strategy to maintain market share and manage oil prices despite the efficiency of the US tight oil industry. It explores Saudi Arabia's fiscal breakeven challenges, US supply growth forecasts, and the impact of completion bottlenecks on tight oil breakevens. The document also analyzes the economics of non-OPEC projects and the potential for oil price fluctuations based on supply and demand factors.
doj/DataSet10/EFTA01385323.pdf
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