International implications of the reduction in the US shale oil production

Strategic Council Online—Editorial: Bloomberg recently published a report on the end of remarkable growth in the production of shale oil by the United States; of course, the reduction of shale oil production is not a new phenomenon. It actually began several months ago. However, the recent report indicates a rapid reduction at a level some analysts cannot envisage a growth in the shale oil production even for the year 2023.
Reza Majidzadeh-Economics researcher