Shale oil has become profitable again, due to the high prices of oil, which reached US$ 93 per barrel earlier in the week. The decreased prices of the past few years, worsened by the effects of the COVID-19 pandemic made most projects unsustainable from the financial perspective.
What high-cost shale basins need is oil at a high price so that it can pay for the investments. The current environment (economic and geopolitical) has been able to provide oil at a high price. Now, one more thing is needed: a forecast that the price of oil is going to remain high
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