A new Pricewaterhouse Coopers report finds countries in the Middle East could see their current...

|By:, SA News Editor

A new Pricewaterhouse Coopers report finds countries in the Middle East could see their current account balances deteriorate by 4%-7% of GDP by 2035 due to the global shale oil boom. But the outlook for OPEC may be rosier than many believe, as political, economic, logistical and geological stumbling blocks are on its side and could hamper shale development in the U.S. and elsewhere.