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US shale drillers snub Opec with hedges

Many producers have locked in future returns with financial contracts that guarantee the price of their oil for most of the rest of the decade

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Opec's (Organization of the Petroleum Exporting Countries) worst enemy isn't US shale drillers. It's the hedges propping them up.

Chicago

OPEC's (Organization of the Petroleum Exporting Countries) worst enemy isn't US shale drillers. It's the hedges propping them up.

American oil explorers who survived the worst of the 2014-2016 market rout are shrugging off the 14 per cent slide in prices this year from a

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