Press "Enter" to skip to content

U.S. Shale Companies Are Turning the Oil Taps Back On

American oil producers are reopening the spigots, complicating the crude market’s recovery.

Scores of shale drilling companies turned off wells to reduce output when U.S. oil prices fell to negative territory in late April, after millions world-wide stopped driving and flying due to the new coronavirus, causing a steep drop in global demand.


Source link

WP Twitter Auto Publish Powered By :