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Analysts: Shale oil will not alter the market radically

The increased production of American shale oil will impact the market, but not to the extent recently predicted by a Norwegian oil analyst, says Global Risk Management to ShippingWatch.

Photo: Øyvind Hagen/Statoil

“It will impact the market, but we don’t think the impact is going to be that big. We certainly don’t believe that shale oil will flood the market by 2020.”

 This is the summarized attitude of Global Risk Management oil analyst Michael Poulsen in regards to current shale oil developments.

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