Fitch expects influence of “shale revolution” to continue

Fitch Ratings agency has released the presentation, which reads that increase in the shale oil production has contributed to growth of total oil production in the US and had finally led to reduction of world oil prices and has “fenced” the market from growth of prices, in case of suspension of deliveries from the Near East.
Agency reported that the presentation has been presented at the meeting of the European investors and analysts of Fitch group on North America, Europe, Near East and Africa (EMEA). The presentation has contained the forecast of the markets of the US energy carriers, EMEA (including Russia) and Asia as well as the comments on influence of the shale revolution on creditability of the companies of the industry.
Fitch expects that growth of productivity of the shale wells will continue, but at a slower pace as the production companies experiment with the wells’ construction to reduce the costs and increase the beds productivity. Despite growth of shale oil production, Fitch claims that the favorable conditions for fast development of shale fields that are available in the US and absent in other regions of the world.
· The presentation “Shale oil and North American Fuel-Energy Complex: European Investor Tour” is posted on the web site www.fitchratings.com.