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US shale firms, struggling to profit with $30 oil, slash spending more - Reuters
Reuters | US shale firms, struggling to profit with $30 oil, slash spending more Reuters HOUSTON Three major U.S. shale oil companies have slashed their 2016 capital spending plans more than expected in a bid to survive $30 a barrel oil prices, with one of them saying prices would need to rise more than 20 percent just to turn a profit. |
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