Oil prices are back at almost $40 per barrel of WTI crude oil. The current future for July delivery was below $20/bbl. just two months ago and the May delivery contract famously went negative for a while. Yet, many oil companies still won’t breathe a sigh of relief about this recovery because most likely they are still not making any money on their oil production even if oil prices are where they are today. The analysts at
Shale oil companies aren’t in the clear
Shale oil companies aren’t in the clear
Shale oil companies aren’t in the clear
Oil prices are back at almost $40 per barrel of WTI crude oil. The current future for July delivery was below $20/bbl. just two months ago and the May delivery contract famously went negative for a while. Yet, many oil companies still won’t breathe a sigh of relief about this recovery because most likely they are still not making any money on their oil production even if oil prices are where they are today. The analysts at