By Owain Johnson
At a Glance
- U.S. oil traded in an electronic auction for the first time in March, with 17 energy companies participating
- Auction enables U.S. exporters to reach international audience
The U.S. shale revolution has turned the global energy markets upside down. The U.S. has become one of the largest oil producers on the planet and is fast becoming a major force in the export market.
The shale revolution was driven by the pioneering technology that unlocked oil and gas that was traditionally considered uncommercial to develop.
The rapidly changing nature of the