25.02.2016 - Why shale could help to rebalance oil market
Shale oil could help rebalance global commodity prices as the sector looks to shrug off a tough couple of years, the chief executive of one the industry's leading services companies has told CNBC. "The market will come back but the big challenge we all have is knowing when that will happen," Keith Cochrane, the chief executive of Weir Group, an engineering company based in Scotland that supplies services to the oil and gas industry, told CNBC on Wednesday. "The days of $100 a barrel oil have gone for a long, long time but it's back to the simple maths around supply and demand," Cochrane added...............................................Full Article: Source
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