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US oil sector sees tentative recovery

Some low-cost drilling basins are picking up

Published Sun, Jan 8, 2017 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    New York

    THE US oil industry is feeling guarded optimism going into 2017 as it pivots from a brutal two-year slump prompted by crashing crude prices.

    As the new year kicks off, industry insiders describe a tentative recovery, with some low-cost drilling basins starting to pick up even while others remain depressed.

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