TOKYO -- The "second shale revolution" in the U.S. will change the current picture of the world oil market, whose sole determinant is OPEC+, led by Saudi Arabia and Russia, energy expert Daniel Yergin says.
Yergin, the vice chairman of IHS Markit, said in a recent written interview that the U.S. shale industry is experiencing a new revolution in which companies focus on "capital discipline," staying within cash flows and returning money to investors.
