Oil India exits US shale venture, sells 20% stake for $25 million
The move by OIL follows Reliance Industries Ltd's exit from US shale, which has not been attractive in generating returns.
Source: businesstoday.in
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The move by OIL follows Reliance Industries Ltd's exit from US shale, which has not been attractive in generating returns.
Public policy is showing signs of shifting under the new administration, with Opec forecast to produce more than double US crude oil output this year
U.S. shale producers are not part of a pact between OPEC nations and others including Russia to reduce their output to support prices and reduce oversupply