U.S. shale oil production of OPEC differentiation

OPEC in Vienna on May 31 held a regular meeting to discuss the need to cut production to focus on price.frac sand United States, "Wall Street Journal" recently analyzed that North American shale oil within OPEC raised production potential conflicts between Member States on whether to reduce the quota is not a small difference.

In Algeria, as the representative of the African member states believe that the production of crude oil and North American shale oil level so similar North American shale oil production increased by the greater threat; Nigeria's oil minister Madueke stressed U.S. shale oil is a "big trouble ";Hydraulic fracturing while Gulf states led by Saudi Arabia then appeared very calm, these countries cut stance on the issue of flexibility than other OPEC members.

A representative of the Persian Gulf States acknowledged that OPEC is indeed in trouble. Analysts pointed out that in recent years, continued infighting within OPEC, now merely internal strife upgrade. Iran, Venezuela and Algeria, the three countries need to maintain a balance of high oil prices,Proppant domestic spending, cut stress relief, so often associated with the rich and powerful, led by Saudi Arabia, the oil price is not sensitive to the level of member states of the Gulf altercation.

As crude oil production increased, the three most important American OPEC oil supply from Africa countries - Nigeria, Algeria and Angola in 2012 exports to the U.S. fell to the lowest in 10 years, compared with 2011 decreased by 41%. U.S. Department of Energy said crude oil production, primarily shale oil contribution.