Prolonged oil slump sparks second wave of cuts to 2016 budgets

07 February 2016 — Less than two months into the year, the top U.S. shale oil companies have already cut their budget for 2016 a second time as the relentless drop in oil prices continues to erode their cash flow. With oil prices firmly wedged in the low $30-per-barrel range, oil producers are deferring spending […] More »