Shale oil companies in the United States say it is difficult to see a large increase in production in the short term.
At the CERAWeek energy conference held in Houston, executives from the shale oil industry stated that significant growth in US production will not be triggered unless oil prices remain above $100 per barrel for more than a quarter. Shale oil producers were instrumental in making the US the world's largest oil-producing country, and their production process could quickly produce crude oil, often expected to fill supply gaps. However, in recent years, shale oil companies have been more focused on returning capital to shareholders rather than increasing production. Some companies also face rising costs and aging oil fields.
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