Cheap oil ‘slams brakes’ on US shale

by | September 14, 2015 12:02 am

Production of US shale oil will fall sharply next year as a result of the collapse in crude prices, the world’s leading energy forecaster said yesterday, in a sign that Saudi Arabia’s attempt to squeeze higher­cost producers out of the market is succeeding. The prediction was made by the International Energy Agency in its closely watched…

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