OPEC Predicts Impact by Late 2015

Continuing low oil prices raises OPEC's expectations that the output will be slowed and the production of U.S. "tight" oil, from shale plays will be curbed towards the end of 2015. OPEC plans no action until after their June meeting, and "OPEC officials so far suggest it will not adjust its output policy at the meeting as it waits for the strategy to take effect."