OPEC waits for expiration of insurance of shale oil extractors

According to a Reuters article published today, OPEC states are waiting for expiration of oil price insurances of U.S. shale oil extractors. Many companies were insured until the start of 2015, some until the end of the year. UAE Minister for Energy Suhail Al Mazroui said that OPEC states needed to wait throughout the first quarter to see the consequences.