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2016-12-29 18:35:00

SHALE OIL COMPANIES UP

SHALE OIL COMPANIES UP

BLOOMBERG - Shale oil companies are ready to play chicken with supply and demand again.

Roiled by a year that began with crude at a 12-year low and ended with a surprise OPEC agreement boosting prices, U.S. producers including Continental Resources Inc. and Pioneer Natural Resources Co. are promising not to overreact -- or overspend.

The temptation will be strong: a recovery in prices has already spurred drilling activity in the U.S. to the highest since January. If oil…

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Tags: SHALE, OIL, DRILLING, INVESTMENT
Chronicle:
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