(EnergyAsia, April 30 2015, Thursday) — The US Energy Information Administration (EIA) has slashed its forecast for global oil supply next year as more US shale-based producers buckle under the financial pressures of low oil prices and reduced financing for the industry.
MARKETS: EIA cuts global oil supply forecasts, dragged down by lower US shale production
Posted on April 30, 2015 by EnergyAsia