UPDATE 2-U.S. shale producers rush to cut spending, output as oil prices tank
U.S. shale producers on Monday
rushed to deepen spending cuts and reduce future production as
oil prices tumbled after OPEC’s decision to pump full bore into
a global market hit by shrinking demand due to the coronavirus
outbreak.
rushed to deepen spending cuts and reduce future production as
oil prices tumbled after OPEC’s decision to pump full bore into
a global market hit by shrinking demand due to the coronavirus
outbreak.
Posted by Reuters
