Site icon The Insiders Fund

IEA says scope of US shale output fall to be limited – FT.com

Jorge Montepeque, the global director of market reporting at Platts, echoed this sentiment at a London conference on Monday. The price at which US shale plays are profitable are a “moving target” as technological advances improve the longevity of wells and lower prices drive down costs. “The whole pricing structure is coming down . . .[there is a] need to have a rethink.”

via IEA says scope of US shale output fall to be limited – FT.com.

Exit mobile version