本期嘉宾:Alan Herbst, Principal with Utilis Advisory Group
The Organization of Petroleum Exporting Countries (OPEC) has announced that it is keeping crude output levels unchanged again despite a collapse in oil prices.
The 12-nation OPEC countries switched its production strategy in November in order to push down prices and hurt high-cost US shale producers.
However, the United States has significantly ramped up its production of oil extracted from hard-to-reach shale, now producing 5 million barrels per day, making the country far less dependent on imports from the crude-rich Middle East.
Meanwhile, the latest figure shows that US crude oil exports in April reached a record high of nearly 590,000 barrels per day.
For more on this, our correspondent Luo Yu earlier spoke with Alan Herbst, Principal with Utilis Advisory Group, a consultant company providing strategic advisory services to integrated energy firms, utilities and financial organizations based in the US.