Oil at $30 may be enough to revive shale activity, say drillers

So, USD 30 oil may be enough to infuse the shale sector with life again. But the entirety of OPEC+ would still be bleeding cash at those prices. The big conventional oil producers are between a rock and a hard place right now. They urgently need higher prices in order to stop the bleeding but then shale will eat their lunch. Game over.

Linkedin Thread