Post Tagged with: "cutting budgets"

Lower Oil Prices May Cause Shale Patch to Cut Budgets for the First Time Since Crash

Lower Oil Prices May Cause Shale Patch to Cut Budgets for the First Time Since Crash

From Bloomberg

Lower prices mean explorers must trim spending to avoid debt

West Texas Intermediate benchmark has tumbled 34% since Oct. 3

Shale explorers will likely cut spending budgets next year for the first time since the last price crash …

November 29, 2018 - 3:54 pm Closing Bell Story‎, Commodity Pricing, Energy News