The Wall Street Journal is gated, but if you can access it, the story is here:
U.S. Frackers and Saudi Officials Tell Trump They Won’t Drill More
- President says lower prices will solve many of the country’s problems but finds early resistance in the oil market
In brief:
- U.S. shale industry is now focused on keeping costs down and returning cash to investors, not more drilling
- Saudi Arabia says it is unwilling to augment global oil supplies, say people familiar with the matter
This article was written by Eamonn Sheridan at www.forexlive.com.
#ICYMI #Oil #U.S #shale #industry #Saudi #Arabia #Trump #wont #boost #output #Forexlive
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