he role of world’s major exporters in maintaining a reasonable supply and demand balance has become critical once again due to the rising production potential in U.S., said Thomas A. Petrie, chairman of Petrie Partners, while speaking at Hart Energy’s recently held DUG Rockies Conference and Exhibition.

Petrie characterized the global oil supply and demand dynamics as a “fragile balance” because the U.S. shale revolution, which increased production potential and turned the country into an oil exporter, has created periods of real challenge for both OPEC and non-OPEC exporters like Russia.

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