"Big Oil companies are increasing US oil production, putting pressure on OPEC (Organization of the Petroleum Exporting Countries). Shale oil producers in the US are responding to rising global demand and competition. This development has implications for global energy markets and prices."

Source: https://www.bloomberg.com/news/newsletters/2024-11-05/shale-turns-up-heat-on-opec-as-big-oil-opens-its-us-taps