- U.S. imports of crude oil from OPEC nations are at their lowest level in almost 30 years, reports FT, underlining the impact of the shale revolution and advances in hydraulic fracturing.
- In August, OPEC’s share of U.S. crude oil imports dropped to 40% – accounting for 2.9M bpd – the lowest since May 1985. At its 1976 peak it stood at about 88%.
- OPEC leaders will meet in Vienna on Thursday to consider cutting output to shore up prices.
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