US shale to plateau if oil prices stay in current range, ConocoPhillips CEO says
DOHA (Reuters) -U.S. shale oil production will flatten out if prices remain where they are now and will start to decline with oil prices in the $50s per barrel, ConocoPhillips CEO Ryan Lance said on Tuesday. If oil fell below $60 a barrel, there would be a decline in investment and global power requirements would not be met, Qatar's Minister of Energy Saad al-Kaabi said, speaking alongside Lance at the same event.
Reuters
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1 hour ago






