Shale Could Contract by 1.0 Million b/d Within the Year As a price-elastic source of supply, US shale production will respond relatively quickly to the steep drop in oil prices. Already US E&Ps are reporting further reductions to their 2020 spending guidance and cutting back on planned drilling activity. A new-normal is here, with fiscal discipline and ...
Posted 22 days agoPress
> ShaleOilPrice War +1