shale

Oil slides as strong U.S. drilling activity weakens deal to cut output

By Karolin Schaps LONDON (Reuters) – Oil prices fell on Monday as news of another increase in U.S. drilling activity spread concern over rising oil output just as many of the world's oil producers are trying to comply with a deal to pump less in an attempt to prop up prices. The number of active U.S. oil rigs rose to the highest since November 2015 …

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Oil slides as strong U.S. drilling activity weakens deal to cut output

shale

Oil below $30 fans wipeout fears among U.S. shale survival artists

By Terry Wade and Anna Driver YORKTOWN, Texas (Reuters) – Across oil fields from Texas to North Dakota fears are growing that crude's plunge below $30 a barrel is more than just another market milestone and marks a countdown to an endgame for many shale producers that so far have braved the 18-month downturn. Oil prices tumbled by more than a fifth this month to 12-year lows 70 percent below mid-2014 levels and…

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Oil below $30 fans wipeout fears among U.S. shale survival artists