Despite strong gains in shale production in 2017, the rebound does not necessarily mean the industry is healthy. A new report finds that even some of the largest shale players won’t be cash flow positive until 2020.
Mozambique, home to the third-largest natural gas reserves in Africa, is offering little evidence that it can become an LNG powerhouse without marginalizing the local population.
The decline in oil prices that began in mid-2014 has wreaked havoc across all different types of companies in the industry, and there seems to be no respite in the short run. Companies are continuing to lay off staff, cut back on projects, and report eye-opening losses.
Oil prices and the stock market have a complex relationship, which has grown far closer in the years following the financial crisis.