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Prolonged oil slump sparks second wave of cuts to 2016 budgets

February 7, 2016 by · Leave a Comment 

Less than two months into the year, the top U.S. shale oil companies have already cut their budget for 2016 a second time as the relentless drop in oil prices continues to erode their cash flow. With oil prices firmly

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Prolonged oil slump sparks second wave of cuts to 2016 budgets