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IEA chief says U.S. shale is needed for now as oil prices climb

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hemanthaa@mail.com

Entry posted by hemanthaa@mail.com ·

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A “big chunk” of U.S. shale is profitable at current oil prices, but drillers should be aware of crude’s declining share in the future global energy mix, International Energy Agency Executive Director Fatih Birol said in an interview.

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