Shale decline inevitable as oil prices crash ...News

The US shale industry continues to show signs of slowing down, with production declining in major shale basins outside of the Permian. Financing stress has plagued the shale sector for quite some time, but investors continue to bail on oil and gas stocks. The FT points out that the energy sector is now underperforming the S&P 500 “by the biggest margin since the Japanese attack on Pearl Harbor in December 1941.” In other words, it has been nearly 80 years since US oil and gas stocks have performed so badly relative to the rest of the market. The pressure is starting to have an impact on drilling and production. The latest EIA Drilling

Read More Details
Finally We wish PressBee provided you with enough information of ( Shale decline inevitable as oil prices crash )

Also on site :

• NYT Connections Sports Edition Today: Hints and Answers for May 25
• Mounting casualties: Russia and Ukraine exchange fire amid prisoner swap
• Romanian presidential candidate calls for street protests without Ukraine-style ‘bloodbath’