Oil Minister calls for Broader Policy to limit U.S. shale product

Minister of Petroleum Resources, Ibe Kechiku has admitted that U.S. Shale is OPEC'S biggest problem as production can be cut or boosted in a short time in response to changing market conditions unlike conventional oil projects.
 2 months ago, a source revealed how two senior Saudi officials held close talks wit some of the biggest Shale producers in the US, warning them OPEC would not extend the production cut deal to offset their growing output.

 Kachikwu went on to add that Nigeria will continue to be excluded from any cuts while its output remaining less than 1.8 million bpd, but it has plans to boost this to 2-2.5 million bdp within 12 months.
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