UPDATE 3-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 could 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 could 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
