You are here


Bleak outlook for US shale industry amid global drop in energy demand

DESPITE the best efforts of the Trump administration to persuade Saudi Arabia to cut crude production and prop up global oil prices to a level that ensures the viability of the US shale oil industry, the outlook for shale is uncertain.

The benchmark West Texas Intermediate crude remains...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to