American producers are under pressure from investors to keep spending in check, and they are wary of drilling more wells because they are not sure oil prices will stay high.
Category: Diamondback Energy Inc.
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Why U.S. Oil Companies Are Not Plugging the World’s Energy Gap
The New York Times – Business: -
U.S. Oil Companies Are ‘Battening Down the Hatches’
The industry is bracing for the OPEC Plus oil cartel’s meeting on Saturday, which is widely expected to further increase oil production despite weak demand.