Post Tagged with: "US shale production"

Source: Reuters

U.S. shale could face weeks of depressed oil production due to cold


HOUSTON – The U.S. deep freeze will wreak havoc on oil and gas production for several days if not weeks, according to industry experts, as companies deal with frozen equipment and a lack of power to run operations.

Texas …

Source: CNBC

5 charts that explain the Saudi Arabia-Russia oil price war so far


Two of the world’s largest oil producers — Saudi Arabia and Russia — are set to increase production dramatically this month, after an agreement between OPEC and its allies to lower output expired at the end of March.