Russian and GCC Perspectives: OPEC, Russia, and falling oil prices

... increase in oil prices. This poses another major barrier to any producers seeking to raise prices via a coordinated output cut. Future Prospects Falling oil prices have led to a collapse in oil investment, thereby guaranteeing a decrease in future oil production . Moreover, US shale oil bankruptcies are gathering pace, and US oil output is finally shrinking . These factors point to moderately increasing prices in coming two years. However, the looming threat of reactivating shale oil means that prices are unlikely to rise ...