“The market is frightened by the shale oil band,” says Olivier Jakob at PetroMatrix, one of the first analysts to popularise the concept in the industry.“But it’s not just traders — we’ve seen indications from Opec and Russian oil companies that even they think going above $60 a barrel right now would be too much and would bring on more oil from shale. They don’t want it.”

Link to the article: https://www.ft.com/content/14f77e72-b343-11e7-a398-73d59db9e399