![UBS sees a "moderate production response" from US shale in the second half of the year and a "stronger" one in 2022. Reuters](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/DMB2AJ22PLUJUFJ3XSRP2GN7YU.jpg?smart=true&auth=b4b37338a4dee4dd06ab3e14198286ee2272bbae8c6ebab314497fc68af20dc4&width=400&height=225)
UBS sees a "moderate production response" from US shale in the second half of the year and a "stronger" one in 2022. Reuters
UBS sees a "moderate production response" from US shale in the second half of the year and a "stronger" one in 2022. Reuters
Oil rebounds as US crude inventories fall
The IEA cautioned that current price levels are conducive for a resurgence in US shale