Shale Oil Firms Hedge 2017 Prices in ‘Droves’ After OPEC Rally

Shale Oil Firms Hedge 2017 Prices in ‘Droves’ After OPEC Rally

October 4, 2016
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By hellenicshippingnews Independent oil companies are using the post-OPEC rally to hedge their price risk for next year, banks and consultants said, a trend that’s likely to be viewed with concern from Saudi Arabia to Venezuela. The clamor to hedge — locking in future cash flows and sales prices — could translate into higher U.S. oil production … Read full story ›

Source:: Hellenic shipping news Oil