EnergyWatch

Shale oil market faces pressure

Low oil prices and mounting financial stress is resulting in small and medium-sized shale oil extractors going bankrupt, and this could have far-reaching consequences.

Photo: Jan Unger

LONDON

Like large, patient marionettes, oil wells continue to pump up and down day after day, all year around, also at the US' large shale oil fields, which serve as a partial explanation for ample oil supply in the global market.

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