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U.S. shale oil's crash diet likely to bring forward output dip

2015-02-22 23:49:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Shale oil producers are throttling back so quickly on drilling that U.S. crude output could fall sooner than expected, within months, executives say as they slash costs to cope with tumbling crude prices and compete with Persian Gulf rivals. About a dozen chief executives who talked to Reuters or who spoke publicly, acknowledged they were taken aback by the scale and speed of the cutbacks, noting how this oil price downturn was different from several previous episodes in their careers. For...

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Crash diet

2013-12-13 07:29:14| BBC News | Business | UK Edition

Bailout exit sees Ireland in better shape than expected

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