SUBSCRIBERS
Growth in US shale oil output seen slowing to 4-year low in April
Number of rigs down 41% since December due to oil price crash
Published Tue, Mar 10, 2015 · 09:50 PM
Houston
THE biggest slowdown in oil drilling on record is showing signs of reining in the US shale boom.
US shale oil output is expected to post the slowest growth in more than four years in April, the Energy Information Administration said on Monday. That follows a 41 per cent plunge since December in the number of drilling rigs seeking oil.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
China’s push for greener aluminium hit by erratic rains, power cuts
Philippines says US, China eyeing mining opportunities, especially in nickel
Gold set for best week in five on renewed US rate-cut hopes
Biden determined to keep US Steel in US hands: White House
Oil holds near one-week high on rising demand hopes after China, US data
India projects biggest power shortfall in 14 years