IEA: Continued low oil prices slam brakes on US light, tight oil growth

Sep
30
2015

A recent spiral in US light, sweet crude oil prices on the New York Mercantile Exchange to 6-year lows accompanied by a drilling slowdown across most unconventional plays was reflected in the International Energy Agency’s Monthly Oil Market Report, which forecast light, tight oil (LTO) production will contract.

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Source: Oil Gas Journal

  

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