Month: January 2020

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U.S. Shale Has Already Peaked for Drillers Like Halliburton

January 21, 2020 Editor Comments Off on U.S. Shale Has Already Peaked for Drillers Like Halliburton

(Bloomberg) — U.S. shale oil fracking has already peaked and is in a period of sustained contraction, according to two major providers of services to the industry.That view from Halliburton Co. and Schlumberger Ltd. signals an eventual deceleration in U.S. oil production, which is currently at record highs. Slower output growth would have global ramifications, given additional American barrels are forecast to account for most of the increase in worldwide supply this year.Halliburton Chief Executive Officer Jeff Miller said Tuesday that customer spending in North America will keep falling this year. That echoes Schlumberger, which said Friday it’s continuing to …read more […]

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The market has gotten a 'little bit ahead of itself': BofA’s Savita Subramanian

January 21, 2020 Editor Comments Off on The market has gotten a 'little bit ahead of itself': BofA’s Savita Subramanian

Yahoo Finance’s Editor in Chief Andy Serwer and Alexis Christoforous speak with Savita Subramanian, Bank of America Global Research Head of U.S. Equity & Quantitative Strategy Head of Global ESG Research, live at the World Economic Forum in Davos, Switzerland. …read more […]