Thursday, May 21, 2026
Analysis-U.S. shale oil just had its worst year and the pain could bleed into 2021- oil and gas 360

Analysis-U.S. shale oil just had its worst year and the pain could bleed into 2021

Reuters HOUSTON/NEW YORK  – U.S. oil and gas shares and drilling activity are edging higher, but a disastrous year for the energy industry means the go-go days of the shale boom may be gone for good. Deep spending cuts that came with the collapse in fuel demand and oil prices due to the COVID-19 pandemic have ended an era that