{"id":226981,"date":"2025-12-11T07:28:12","date_gmt":"2025-12-11T07:28:12","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/226981\/"},"modified":"2025-12-11T07:28:12","modified_gmt":"2025-12-11T07:28:12","slug":"should-opec-worry-china-joins-us-shale-oil-revolution-with-deep-fracking-breakthrough","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/226981\/","title":{"rendered":"Should Opec worry? China joins US shale oil revolution with deep fracking breakthrough"},"content":{"rendered":"<p>China\u2019s recent breakthroughs in fracking technology have the potential to usher in a new <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/economy\/china-economy\/article\/3301008\/china-discovers-2-major-shale-oilfields-boost-energy-security?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">shale revolution<\/a> that could solidify the country\u2019s <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/economy\/china-economy\/article\/3250189\/china-boasts-bubbling-crude-discovery-oil-107-million-tonnes-henan-province-adding-fuel-energy?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">energy security<\/a> and reshape the international oil order.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">That would see China join the United States, whose shale boom earlier this century enabled it to become the largest crude oil producer in the world. This fundamentally altered the international oil market, with significant impact on oil exporters, particularly members of the Organisation of the Petroleum Exporting Countries (Opec).<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The boom weakened Opec\u2019s market power with a steady supply of crude oil, as global resources of unconventional oil, such as those trapped in shale rock, far exceed conventional oil reserves.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">China has its own vast shale potential \u2013 the largest recoverable shale gas and third largest recoverable shale oil reserves in the world, according to the US Energy Information Administration (EIA).<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">As the world\u2019s largest crude oil importer, China\u2019s commercial exploitation of its shale reserves could threaten Opec and its allies. However, accessing these formations, buried deeper than those found in the US, has presented a significant challenge.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">On Tuesday, the Jimsar shale oil demonstration zone in Xinjiang \u2013 China\u2019s first such national-level zone \u2013 reached its annual crude oil output goal of 1.7 million tonnes 22 days ahead of schedule.<\/p>\n","protected":false},"excerpt":{"rendered":"China\u2019s recent breakthroughs in fracking technology have the potential to usher in a new shale revolution that could&hellip;\n","protected":false},"author":2,"featured_media":226982,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[79,121934,381,121933,121932,179,33853,18,121931,109163,109167,19,40488,17,121935,121936,13149,550,15112,14966,107],"class_list":{"0":"post-226981","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-changqing-oilfield","10":"tag-china","11":"tag-china-national-petroleum-corporation","12":"tag-du-xuebiao","13":"tag-economy","14":"tag-eia","15":"tag-eire","16":"tag-fracking","17":"tag-gansu-province","18":"tag-heilongjiang","19":"tag-ie","20":"tag-iraq","21":"tag-ireland","22":"tag-jimsar-shale-oil-demonstration-zone","23":"tag-junggar-basin","24":"tag-opec","25":"tag-russia","26":"tag-saudi-arabia","27":"tag-shandong","28":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/115699758162456703","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/226981","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=226981"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/226981\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/226982"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=226981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=226981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=226981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}