OPEC, for some quiet moments..

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Shale oil production remains profitable as long as the price of oil exceeds marginal cost. There are indications that the initially high marginal cost of shale oil production has been declining substantially, as the shale oil industry has gained experience, but there are no reliable industry-level estimates of marginal cost.

Shale Oil Isn't Driving Down Global Oil Prices - Business Insider

the shale oil debate has largely ignored the fact that shale oil is not a perfect substitute for conventional crude oil, making comparisons across countries difficult. The quality of crude oil can be characterised mainly along two dimensions. One is the oil’s density (ranging fromlight to heavy) and is typically measured based on the American Petroleum Institute (API) gravity formula; the other is its sulphur content (with sweet referring to low-sulphur content and sour to high-sulphur content).

Shale Oil Isn't Driving Down Global Oil Prices - Business Insider

The collapse in oil prices is starting to slow growth in U.S. output, OPEC said on Thursday, although the slowdown will not prevent demand for the exporter group's oil falling in 2015 to its lowest in a decade.

OPEC to see market share drop even as oil slump slows shale boom - Yahoo Finance

ConocoPhillips Chairman and CEO Ryan Lance has told policymakers attending a briefing at the Center for Strategic and International Studies (CSIS) that the nation’s approaching surplus production of crude oil offers an opportunity for expanded global trade through exports. The U.S. could sustain the job creation and economic stimulation powered by the U.S. energy renaissance, while putting downward pressure on consumer fuel prices and improving global energy security.

ConocoPhillips CEO calls for U.S. to export surplus crude

Oil oversupply that sent prices to a five-year low will probably persist until at least the second half when demand is set to recover, according to Kuwait’s oil minister and the OPEC governor of the United Arab Emirates. Faster global economic growth will be needed to help absorb the oil surplus estimated at 1.8 MMbpd, Kuwait Oil Minister Ali Al-Omair told reporters in parliament. A demand-led recovery is seen in the second half, the U.A.E.’s Governor to OPEC Ali Al Yabhouni told reporters in Abu Dhabi.

Oil rebound seen by Gulf producers as slump spurs demand