The agreement of OPEC members and non-members to limit oil production at 1.8 million barrels per day did not cause a boom in the development of shale deposits in the US,. "The reality showed: the unjustified expectations of some analysts that shale mining will revive at a certain price level are unrealistic. I do not care about the shale renaissance, the market will be able to absorb it, the demand for hydrocarbons will grow, "said Saudi Oil Minister Khalid al-Falih, speaking at the Russian Energy Week (his words are quoted by" The Newspaper. RU"). According to the official, the demand for oil this year will increase by 1.5 million barrels per day (up to 96.77 million), and the growth in the production of shale oil will not exceed the increase in demand. Fuel is necessary for China, India, the countries of Southeast Asia, and therefore oil will long be a popular resource. In OPEC, it is noted that the growth in the production of shale oil is weakening, and the productivity of the wells is falling: the productivity of each American plant since the beginning of the year has decreased by 400 barrels per day. The possibilities of this method are limited, HIS Markit believes: shale oil in the future will account for no more than 5% of the world's production. Similar forecasts are confirmed by figures: the US shale industry has slowed the pace of commissioning of new drilling rigs since June 2017. Over the past four months, the Americans have launched only nine new installations. This is due to the fact that expectations for the growth of oil prices have not materialized, so the companies had to reduce the level of costs, noted in VYGON Consulting. The Wall Street Journal also writes that investors are asking the oil industry to focus on profits, not on increasing production and drilling at any cost. Such sentiments will lead to the fact that in 2018. Oil production in the US will grow a little more, but then three years will remain at an unchanged level of 10 million barrels per day. Today, the US shale extracts 9.16 million barrels a day. That is, world demand in the future will grow at times faster than shale mining. Even the needs of the domestic American market will increase faster. Often, oil companies start drilling, but they abandon the started if the well turns out to be unprofitable. The number of such cases has recently increased.

According to the Energy Information Administration (EIA) of the United States, the number of unfinished exceeded 7 thousand. , whereas at the beginning of the year there were only 5,800.

Thus, the efforts of traditional oil producers to stabilize the market led to the desired result. "The positive effect of the OPEC and non-OPEC deal for stabilizing the market is still greater than the impact of recovery of shale mining. The oil market is gradually balancing. The existing level of prices satisfies us, "said the Minister of Energy of the Russian Federation Alexander Novak.