The investment bonanza in U.S. shale oil is coming to an end as a result of the steep fall in oil prices, a senior OPEC official said Monday. “Investments in the North American shale and tight oil and gas industry will come to a slow halt,” the United Arab Emirates OPEC governor Ali Al Yabhouni said, while vowing that the UAE would continue to invest in its oil sector to maintain and increase its market share. The comments follow a dramatic slide of nearly 50% in oil prices this year, accelerated by the Organization of the Petroleum Exporting Countries decision last month to maintain its oil output rather than cutting it to support the market. Speaking at an energy conference in Abu Dhabi, Mr. Al Yabhouni maintained that the slide in prices would be short term and was due primarily to new supply additions. “There […]